This bill modifies various aspects of Minnesota's energy regulations, particularly concerning renewable energy standards and the use of fossil fuels. It amends the definition of "eligible energy technology" to include hydroelectric power without the previous capacity restrictions, allowing for greater flexibility in renewable energy generation. The bill also introduces a provision that delays the requirement for electric utilities to meet renewable energy standards for three years if they do not meet specific goals. Additionally, it prohibits the demolition of fossil-fuel-powered electric generating plants if the utility fails to meet the established goals, and it supports the development of carbon capture and sequestration technologies as a means to reduce greenhouse gas emissions.

Furthermore, the bill abolishes the prohibition on issuing certificates of need for new nuclear power plants, thereby allowing for potential new nuclear energy projects. It expands the sales tax exemption for residential heating fuels and electricity, removing seasonal restrictions on natural gas and electricity used for residential heating. The effective date for these changes is set for the day following final enactment, with specific provisions regarding the sales tax exemption taking effect for transactions made after June 30, 2025.

Statutes affected:
Introduction: 216B.1691, 216B.243, 297A.67