SF 1093

1st Engrossment - 87th Legislature (2011 - 2012) Posted on 03/06/2012 02:49pm

A bill for an act
relating to energy; requiring certain rate impact information related to compliance
with renewable energy standard; amending Minnesota Statutes 2010, section
216B.1691, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2010, section 216B.1691, is amended by adding a
subdivision to read:

new text begin Subd. 2e. new text end

new text begin Rate impact of standard compliance; report. new text end

new text begin Each electric utility must
submit to the commission and the legislative committees with primary jurisdiction over
energy policy a report containing an estimation of the rate impact of activities of the
electric utility necessary to comply with section 216B.1691. The rate impact estimate
must be for wholesale rates and, if the electric utility makes retail sales, the estimate
shall also be for the impact on the electric utility's retail rates. Those activities include,
without limitation, energy purchases, generation facility acquisition and construction,
and transmission improvements. An initial report must be submitted within 150 days of
the effective date of this section. After the initial report, a report must be updated and
submitted as part of each integrated resource plan or plan modification filed by the electric
utility under section 216B.2422. The reporting obligation of an electric utility under
this subdivision expires December 31, 2025, for an electric utility subject to subdivision
2a, paragraph (a), and December 31, 2020, for an electric utility subject to subdivision
2a, paragraph (b).
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end