MN HF2466

Amends Minnesota Statutes to establish a base annual funding level of $8,000,000 for public utility affordability programs serving low-income residential customers, replacing the previous 50 percent rate discount structure on the first 400 kilowatt-hours.

Requires annual funding increases matching the percentage of any approved residential rate increases for the public utility, with costs included in the utility's base rate.

Defines "low-income" customers as those receiving federal low-income home energy assistance program assistance, with programs designed to prioritize customers with lowest incomes and highest energy costs.

Mandates a $15 discount in each billing period for low-income customers aged 62 or older or disabled, and includes goals to lower utility service disconnections and decrease collection activity costs.

Applies only to public utilities with more than 200,000 residential electric service customers and becomes effective October 1, 2014.