The bill establishes a supplemental budget for energy-related initiatives in Minnesota, focusing on renewable energy sources such as geothermal, solar, and electric transmission. It includes appropriations for a $500,000 study to identify suitable sites for thermal energy networks, funding for rebates for Zero Energy Ready homes, and grants for geothermal and anaerobic digester energy systems. The legislation mandates the creation of a geothermal planning grant program to assist local governments and introduces new definitions related to thermal energy networks and disadvantaged communities. Additionally, it requires utilities with over 800,000 customers to allocate at least 15% of their proposed incremental costs for thermal energy network projects in their innovation plans.

The bill also amends existing statutes to enhance the regulatory framework for energy utilities, including raising the threshold for high-voltage transmission lines from 200 to 300 kilovolts and introducing definitions for grid-enhancing technologies. It streamlines the permitting process for renewable energy projects, requiring public utilities to develop separate incentive plans for energy conservation and efficient fuel-switching, particularly for low-income households. The legislation establishes a residential energy rating rebate program for builders of Zero Energy Ready homes and extends the repayment period for revenue bonds from 20 to 30 years. Overall, the bill aims to promote renewable energy infrastructure, improve energy efficiency, and support low-income communities in Minnesota.

Statutes affected:
Introduction: 216C.10
1st Engrossment: 216B.2427, 216B.2421, 216B.2425, 216B.243, 216B.246, 216E.03, 216E.04, 216F.02, 216B.16, 216B.2402, 216B.2403, 216B.241, 216C.10, 216C.435, 216C.436