MN HF1014

Amends Minnesota Statutes section 216B.161 to add provisions for economic development rate plans in addition to existing area development rate plans for public utilities.

Defines "economic development customer" as a business with at least 350 kilowatts of peak demand at a single site that commits to expand or relocate operations in the state if offered a discounted utility rate.

Requires utilities seeking to offer economic development rates to file an approved plan with the Public Utilities Commission that includes business consultation services, infrastructure information, rate options, and proposed economic development expenses.

Economic development rates must be offered for a specified term, granted only to qualifying customers expanding or relocating, and must recover incremental revenues exceeding the incremental cost of service.

Allows utilities to recover revenue differences from discounted economic development rates and approved economic development expenses through general rate cases, with the commission treating these costs as legitimate utility investments.