Energy (Utility Regulation)

AB 472 creates a tax credit for nuclear energy generation in Wisconsin, directly affecting electric utilities operating nuclear facilities. The bill establishes a credit of $10,000 per megawatt for the first 10 years (decreasing annually to $1,000 by year 19), payable against state taxes for facilities operating in-state and generating electricity. Utilities may transfer or sell these credits to other taxpayers subject to state taxes. The legislation also reclassifies nuclear energy as a "renewable resource" for reporting purposes starting in 2026 and allows utilities to recover certain pre-certification costs through customer rates.