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MN HF3708
Bill
Status
Introduced
3/12/2018
Primary Sponsor
Marion Rarick
Click for details
AI Summary
- Establishes a "carbon reduction facility" designation for existing large nuclear electric generating plants in Minnesota
- Public utilities may submit proposals for designation within their new resource plan filing no earlier than February 1, 2019, including total expected costs, current rates and operating costs, and independent cost evaluations
- The Public Utilities Commission shall approve, reject, or modify the proposed designation concurrent with its resource plan order, with intervention allowed by the Department of Commerce, Attorney General, ratepayers, and Prairie Island and Monticello communities
- Commission approval constitutes a finding of prudency, allowing utilities to recover actual costs not exceeding the approved total expected costs through subsequent rate cases
- Utilities must provide biennial updates to the Commission on progress adhering to approved costs, with the Commission authorized to issue orders ensuring cost-effectiveness and financial viability
Legislative Description
Carbon reduction facility designation established for large electric generating facilities.
Last Action
Joint rule 2.03, Deadlines, re-referred to Rules and Legislative Administration
4/23/2018
Committee Referrals
Rules and Legislative Administration4/23/2018
Job Growth and Energy Affordability Policy and Finance3/12/2018
Full Bill Text
No bill text available