This bill establishes new requirements for applications submitted to the Public Utilities Commission for a certificate of need to construct petroleum pipelines in Minnesota. It introduces a new section in the Minnesota Statutes, specifically section 216B.2431, which outlines definitions relevant to the application process, including terms such as "application," "consumer," "demand," and "refinery." The bill mandates that applicants provide detailed annual demand forecasts for motor fuel and other refined petroleum products for both Minnesota and contiguous states over a 15-year forecast period. These forecasts must consider various factors, including population growth, vehicle miles traveled, fuel efficiency, electric vehicle penetration, refinery capacity expansion plans, and crude oil pricing.

Additionally, the bill requires that applicants specify underlying assumptions related to crude oil prices and transportation infrastructure changes that could impact demand forecasts. The effective date of this legislation is set for the day following its final enactment, applying to all applications for a certificate of need for petroleum pipelines submitted after that date.