MN HF3340

Expands authority to use energy forward pricing mechanisms from the commissioner to any government agency, including state agencies, cities, counties, school districts, and the University of Minnesota system.

Increases the maximum contract period from 24 to 48 months from the trade date, while maintaining the 90 percent cap on estimated energy use for the period.

Requires government agencies to establish written policies and procedures, separate accounts for each operational energy type, and oversight processes including internal or external audit reviews and annual investment committee reports before using forward pricing mechanisms.

Defines "energy" to include natural gas, heating oil, propane, diesel fuel, and unleaded fuel, excluding electricity.

Repeals Minnesota Statutes section 383B.1588 (Hennepin County's specific forward pricing authority) and consolidates all forward pricing authority under the expanded section 16C.143, effective July 1, 2020.