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, as well as specific calculations related to the facility's load carrying capability. Additionally, it requires the commission to include findings on the asset's impact on reliability and to determine recoverable costs associated with the addition.

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 impair their ability to meet system reliability requirements during peak demand, including a thorough evaluation of the potential impacts. The commission is also tasked with explaining how these changes affect system reliability, considering other scheduled asset reductions. Both subdivisions are effective the day following final enactment and apply to relevant filings made thereafter.

Statutes affected:
Introduction: 216B.16