MN HF4118

Establishes a claims process administered by the Office of Administrative Hearings to compensate businesses negatively affected by the sale and closure of a biomass energy plant under section 216B.2424, subdivision 9.

Eligible businesses must verify they were operating under a valid contract or had an ongoing business relationship with the biomass plant or an integrated fertilizer plant as of May 1, 2017.

Compensation is limited to the average annual net revenue from the business relationship for the past five years multiplied by ten, or the number of years remaining on the plant's original power purchase agreement, whichever is less.

Claims must be filed within 60 days of the plant closure, settlement offers must be made by a specified date in 2019, and businesses have 40 days to accept offers; denials are subject to contested case review procedures under chapter 14.

Creates a $40,000,000 biomass business compensation account funded by transfer from the renewable development account on July 1, 2018; any remaining funds transfer back to the renewable development account by December 31, 2020.