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HF 4462

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/21/2022 02:33pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
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A bill for an act
relating to energy; requiring an advanced nuclear study; requiring a report;
appropriating money.

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

Section 1. new text beginADVANCED NUCLEAR STUDY.
new text end

new text begin Subdivision 1. new text end

new text begin Study required. new text end

new text begin (a) The commissioner of commerce must conduct a
study evaluating the potential costs, benefits, and impacts of advanced nuclear technology
reactor power generation in Minnesota.
new text end

new text begin (b) At a minimum, the study must address the potential costs, benefits, and impacts of
advanced nuclear technology reactor power generation on:
new text end

new text begin (1) Minnesota's greenhouse gas emissions reduction goals under the Next Generation
Energy Act, Laws 2007, chapter 136;
new text end

new text begin (2) system costs for ratepayers;
new text end

new text begin (3) system reliability;
new text end

new text begin (4) the environment;
new text end

new text begin (5) local jobs; and
new text end

new text begin (6) local economic development.
new text end

new text begin (c) The study must also evaluate:
new text end

new text begin (1) current Minnesota statutes and administrative rules that would require modifications
in order to enable the construction and operation of advanced nuclear reactors; and
new text end

new text begin (2) the economic feasibility of replacing coal-fired boilers with advanced nuclear reactors,
while accounting for the avoided costs that result from the closure of coal-fired plants.
new text end

new text begin Subd. 2. new text end

new text begin Report. new text end

new text begin The commissioner of commerce must submit the results of the study
under subdivision 1 to the chairs and ranking minority members of the legislative committees
having jurisdiction over energy finance and policy no later than January 31, 2023.
new text end

Sec. 2. new text beginAPPROPRIATION.
new text end

new text begin $150,000 in fiscal year 2023 is appropriated from the general fund to the commissioner
of commerce to conduct the study and develop the report under section 1. This is a onetime
appropriation.
new text end