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MN HF945

Bill

Official Source

Status

Introduced

2/25/2013

Primary Sponsor

Frank Hornstein

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Amends Minnesota Statutes section 216B.45 regarding municipal purchase of public utilities and just compensation determinations by the Public Utilities Commission.

  • Removes "loss of revenue to the utility" as a factor the commission may consider when determining just compensation for a utility purchased by a municipality.

  • Retains other compensation factors including original cost less depreciation, expenses from facility integration, and other appropriate factors.

  • Effective the day following final enactment.

Legislative Description

Public Utilities Commission just compensation determination factor amended for a utility purchased by a municipality.

Last Action

Author added Falk

3/10/2014

Committee Referrals

Energy Policy2/25/2013

Full Bill Text

No bill text available