as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 01:10pm
Engrossments | ||
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Introduction | Posted on 02/24/2014 |
A bill for an act
relating to consumer protection; prohibiting unconscionable pricing during
emergencies; proposing coding for new law in Minnesota Statutes, chapter 325E.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Following declaration of a peacetime
emergency under section 12.31 or an energy supply emergency under section 216C.15
that was declared, at least in part, to address a significant increase in propane prices, no
wholesaler or retailer may increase the price of propane by an unconscionable amount.
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For purposes of subdivision 1, a price adjustment
during an emergency can be shown to be unconscionable by evidence that the amount
charged for propane is not reasonably proportional to the change in wholesale propane
costs. A wholesaler or retailer is not in violation of this section if the wholesaler or retailer
can prove that the emergency conditions directly caused the rise in wholesale or retail costs.
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The attorney general shall investigate all alleged violations
of this section in a manner consistent with section 8.31.
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This section is effective July 1, 2014.
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