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SF 71

as introduced - 92nd Legislature, 2021 1st Special Session (2021 - 2021) Posted on 01/24/2022 02:44pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to energy; requiring construction and operation of a natural gas combined
cycle electric generation plant or idling of the existing plant; amending Laws 2017,
chapter 5, section 1.

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

Section 1.

Laws 2017, chapter 5, section 1, is amended to read:


Section 1. NATURAL GAS COMBINED CYCLE ELECTRIC GENERATION
PLANT.

(a) Notwithstanding Minnesota Statutes, section 216B.243 and Minnesota Statutes,
chapter 216E, a public utility deleted text begin may, at its sole discretion,deleted text end new text begin shall new text end construct, own, and operate
a natural gas combined cycle electric generation plant as the utility proposed to the Public
Utilities Commission in docket number E-002/RP-15-21, deleted text begin or as revised by the utility and
approved by the Public Utilities Commission in the latest resource plan filed after the
effective date of this section,deleted text end provided that the plant is located on property in Sherburne
County, Minnesota, already owned by the public utility, and will be constructed after January
1, 2018. new text begin A public utility may, in the alternative to constructing, owning, and operating a
natural gas combined cycle electric generation plant as the utility proposed to the Public
Utilities Commission in docket number E-002/RP-15-21, idle the existing plant located on
the property in Sherburne County, Minnesota, already owned by the public utility.
new text end

(b) Reasonable and prudently incurred costs and investments by a public utility under
this section may be recovered pursuant to the provisions of Minnesota Statutes, section
216B.16.

(c) No less than 20 months prior to the start of construction, a public utility intending
to construct a plant under this section shall file with the commission an evaluation of the
utility's forecasted costs prepared by an independent evaluator and may ask the commission
to establish a sliding scale rate of return mechanism for this capital investment to provide
an incentive for the utility to complete the project at or under the forecasted costs.

new text begin EFFECTIVE DATE. new text end

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