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Key: (1) language to be deleted (2) new language

CHAPTER 20--H.F.No. 472

An act

relating to energy; extending eligibility period for certain renewable energy production incentives;

amending Laws 2005, chapter 40, section 2, subdivision 4.

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

Section 1.

Laws 2005, chapter 40, section 2, subdivision 4, is amended to read:

Subd. 4.

Previously unapproved projects.

An applicant who filed an application prior to deleted text begin Januarydeleted text end new text begin Marchnew text end 1, 2005, but who has not received a letter of approval may qualify to receive the incentive by making the submissions described in subdivision 3, clauses (1) and (2), to the commissioner by deleted text begin Decemberdeleted text end new text begin Julynew text end 31, deleted text begin 2005deleted text end new text begin 2007new text end . If the commissioner determines that an applicant has complied with subdivision 3, clauses (1) and (2), the commissioner shall, within 30 days of receiving the submission, notify the applicant that the project qualifies to receive the incentive and shall provide the applicant with a letter of approval.

An applicant receiving a letter of approval dated January 1, 2005, or later, must first offer for sale to the public utility the electricity generated by the project and associated renewable energy credits. The parties shall negotiate a price within 120 days. The public utility shall provide its last best price offer to the applicant in writing, which is binding for no less than 120 days. The applicant may negotiate with any other utility and may accept a price higher than the binding price offered by the public utility. If another utility offers a price equal to or lower than the binding price offered by the public utility, the applicant must contract with the public utility at the binding price. For the purpose of this subdivision, "public utility" means any utility operating a nuclear power plant in this state.

new text begin EFFECTIVE DATE. new text end

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

Presented to the governor April 17, 2007

Signed by the governor April 20, 2007, 4:30 p.m.

Official Publication of the State of Minnesota
Revisor of Statutes