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HF 2932

as introduced - 89th Legislature (2015 - 2016) Posted on 05/11/2016 09:17am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

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A bill for an act
 relating to local government; counties; Hennepin County energy forward pricing;
amending Minnesota Statutes 2014, section 383B.1588, subdivision 3.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 383B.1588, subdivision 3, is amended to
read:


Subd. 3.

Conditions.

(a) Forward pricing transactions made under this section must
be made only under the conditions in this subdivision.

(b) The amount of energy forward priced must not exceed the estimated energy
usage for Hennepin County operations for the period of time covered by the forward
pricing mechanism.

(c) The holding period and expiration date for any forward pricing mechanism must
not exceed deleted text begin 24deleted text end new text begin 60new text end months from the trade date of the transaction.

(d) Separate accounts must be established for each operational energy for which
forward pricing mechanisms are used under this section.