This bill amends Minnesota Statutes 2024, section 216B.16, by adding two new subdivisions that modify the procedures for cost recovery related to public utility electric generation and transmission assets. Subdivision 6e outlines the requirements for public utilities proposing to add new electric generating facilities or transmission assets to their rate base. It mandates that utilities provide a quantitative and qualitative assessment of the asset's contribution to system reliability during peak demand, along with specific calculations regarding the asset's seasonal effective load carrying capability. Additionally, it requires commission orders to include findings on the asset's impact on reliability, the determination of recoverable costs, and details on approved rates and returns.

Subdivision 6f addresses the reduction in capacity or retirement of existing electric generating facilities or transmission assets. It requires utilities to demonstrate that such actions will not compromise their ability to meet system reliability requirements during peak demand, supported by a thorough evaluation of the potential impacts. Commission orders related to these actions must also explain how they affect system reliability, considering other scheduled reductions or retirements. Both subdivisions are effective the day following final enactment and apply to relevant filings made thereafter.

Statutes affected:
Introduction: 216B.16