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Office of the Revisor of Statutes

SF 693 Senate Long Description

Authorizing and providing for the metropolitan council to use energy +forward pricing mechanisms for budget risk reduction purposes, defining +forward pricing mechanism as a contract or financial instrument obligating an entity +to buy or sell a specified amount of an energy commodity at a future date and a+ set price; specifying certain conditions and policies and procedures +development requirements for the use of forward pricing transactions or +mechanisms, requiring establishment of an oversight process (mk)