Bill > HF1311

This bill modifies procedures for how public utilities can recover costs for electric generation and transmission assets by requiring more detailed assessments and transparency in their filings with the state's utility commission. Specifically, when a utility proposes to add a new electric generating facility or transmission asset to their rate base, they must now provide a quantitative and qualitative assessment of how the asset will contribute to system reliability during peak demand periods, and for generating facilities, they must calculate the seasonal effective load carrying capability. The Public Utilities Commission must then include specific findings in its order, such as detailing the extent to which the asset contributes to system reliability, determining what portion of the costs are recoverable through rates, and specifying approved rate increases and returns. The bill also defines key terms like "system reliability" (an electric system's ability to deliver electricity without interruption) and "recoverable costs" (the revenue a utility can collect from ratepayers to pay for assets and their return). Additionally, the bill requires utilities to provide evidence that any proposed reduction in capacity or retirement of generation or transmission assets will not impair their ability to meet system reliability requirements during peak demand. These provisions aim to increase transparency and ensure that utility investments and asset management decisions prioritize reliable electric service for consumers.

Agriculture and Natural Resources, Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1311&ssn=0&y=2025