This bill amends Minnesota Statutes 2024, section 308A.327, to enhance transparency and member engagement within electric cooperatives. Key provisions include requirements for electric cooperatives to provide remote access to board meetings, maintain a comprehensive website with essential documents and information for members, and allow members to access the membership list under specific conditions. Additionally, the bill mandates that candidates for the board of directors can be nominated by petition and establishes a secure voting system that enables members to vote by mail and online.

The bill also introduces new obligations for electric cooperatives regarding capital credits, requiring them to notify members annually of their capital credit allocations and respond to requests for cumulative capital credit calculations within 45 days. The effective date of the new provisions is the day following final enactment, with specific voting regulations applying to elections held on or after September 1, 2025.

Statutes affected:
Introduction: 308A.327