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SF635 (Legislative Session 94 (2025-2026))

Biomass energy plant closure and sale business compensation process establishment

Related bill: HF1772

AI Generated Summary

The bill SF No 635 is designed to set up a compensation program for businesses that have been economically hurt due to the early termination of a power purchase agreement with a biomass energy plant in Minnesota. It outlines who qualifies for compensation, how claims should be filed and assessed, and how much compensation can be awarded.

Key points include: - A specific biomass plant mentioned under state law is the focus. - Businesses negatively impacted by the plant's early closure can apply for compensation if they had dealings with the plant. - Claims will be processed through the Office of Administrative Hearings, handled by an assigned administrative law judge. - Compensation can cover decreased business income or loss of value in investments tied to the plant. - Claims must be submitted within specified time limits. - Compensation amounts may be adjusted if total claims exceed available funds. - All procedures and awards are to be concluded by June 30, 2027, when the program expires.

Essentially, this bill helps businesses recover financial losses due to the early shutdown of a biomass energy plant by providing a formal method to seek and receive compensation.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 26, 2025HouseFloorActionIntroduction and first reading
January 26, 2025SenateFloorActionIntroduction and first reading
January 26, 2025HouseFloorActionReferred toEnergy, Utilities, Environment, and Climate
January 26, 2025SenateFloorActionReferred toEnergy, Utilities, Environment, and Climate

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill references the identification of a biomass plant under Minnesota Statutes section 116C.779.",
      "modified": []
    },
    "citation": "116C.779",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill references early termination of a power purchase agreement under Minnesota Statutes section 216B.2424.",
      "modified": []
    },
    "citation": "216B.2424",
    "subdivision": "subdivision 9"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section deems records submitted as part of the claims process as business data according to Minnesota Statutes section 13.591.",
      "modified": []
    },
    "citation": "13.591",
    "subdivision": ""
  }
]

Sponsors