This bill mandates the transfer of spent nuclear fuel from the Prairie Island nuclear generating plant to a new storage facility at the Monticello nuclear generating plant. It authorizes the construction of this additional storage and allows the public utility to withhold funds from the renewable development account to cover the transportation costs of the spent fuel. Key amendments include the requirement for the construction of the spent fuel storage facility and the stipulation that the public utility must withhold necessary funds for transportation. The bill also repeals certain sections of the Minnesota Statutes related to renewable energy production incentives, streamlining the funding process for renewable development while addressing the management of spent nuclear fuel.

Additionally, the bill outlines eligibility criteria and payment structures for incentive payments related to renewable energy facilities in Minnesota, focusing on qualified on-farm biogas recovery facilities, hydropower facilities, and wind energy conversion facilities. It defines a "qualified on-farm biogas recovery facility" and establishes payment rates based on electricity generation, with specific eligibility windows for different facility types. The bill allows subsequent owners of qualified facilities to continue receiving incentive payments if they meet the criteria and outlines the application process for these incentives, emphasizing the importance of maintaining ownership structures for eligibility. Overall, the legislation aims to promote renewable energy generation in Minnesota through financial incentives for qualifying facilities.

Statutes affected:
Introduction: 116C.771, 116C.777, 116C.779