This bill aims to modify various aspects of Minnesota's energy policies, particularly regarding 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, thereby expanding the types of hydroelectric facilities that qualify. Additionally, the bill delays the requirement for electric utilities to meet renewable energy standards under certain conditions, particularly if they do not meet specific goals. It also prohibits the demolition of fossil-fuel-powered electric generating plants if the utility fails to meet 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, allowing for potential new construction in the future. 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 bill includes several effective dates for the new provisions, which will take effect the day following final enactment or for sales made after June 30, 2025, depending on the specific section.

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