The bill amends Minnesota Statutes 2024, section 216B.16, subdivision 3, to establish new limitations on interim rate increases set by public utilities. Specifically, it introduces a provision that an interim rate increase must not exceed five percent relative to the existing rate schedule. This change aims to provide more stability and predictability for consumers during the interim period while the commission reviews proposed rate changes. The bill also maintains the existing framework for calculating interim rates based on the utility's most recent rate proceedings and allows for refunds if interim rates exceed the final determined rates.

Additionally, the bill outlines the commission's authority regarding the timing of interim rate schedules, stipulating that they cannot be ordered until at least four months after a final determination on any previously filed rate changes, unless certain exigent circumstances are found. This provision is designed to prevent frequent and potentially disruptive changes to utility rates. Overall, the bill seeks to enhance consumer protection by limiting the extent of interim rate increases and ensuring a more structured process for rate adjustments.

Statutes affected:
Introduction: 216B.16