The bill amends Minnesota Statutes 2024, section 216B.1691, subdivision 1, to update the definition of "electric utility" in relation to renewable energy standards. The new definition replaces the previous categories of electric utilities, which included public utilities, generation and transmission cooperatives, municipal power agencies, power districts, and cooperative electric associations, with the term "investor-owned utility." This change aims to clarify the types of entities that fall under the definition of electric utility for regulatory purposes.

Additionally, the bill maintains existing definitions for terms such as "carbon-free," "eligible energy technology," "environmental justice area," and "total retail electric sales." The definitions of renewable energy sources eligible for standards remain unchanged, encompassing solar, wind, hydroelectric, hydrogen, and biomass technologies. The bill emphasizes the importance of these definitions in promoting renewable energy initiatives and ensuring compliance with environmental standards in Minnesota.

Statutes affected:
Introduction: 216B.1691