MN HF3569

Caps annual transfers from Prairie Island nuclear plant to the renewable development account at $500,000 per dry cask containing spent fuel, ending when cumulative transfers reach $10,000,000 after July 1, 2016.

Caps annual transfers from Monticello nuclear plant at $350,000 per dry cask containing spent fuel, ending when cumulative transfers reach $10,000,000 after July 1, 2016.

Requires utilities to pay $7,500,000 annually for Prairie Island and $5,250,000 annually for Monticello after plant closure if the commission finds the utility did not make good faith efforts to remove spent nuclear fuel to an out-of-state storage facility, with determinations made at least every two years.

Renewable development account funds may be used to increase market penetration of renewable energy, promote renewable energy projects, stimulate research and development, and develop near-commercial and demonstration scale renewable projects.

Effective July 1, 2016.