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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 27, 2025SenateFloorActionIntroduction and first reading
January 27, 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": ""
  }
]

Progress through the legislative process

17%
In Committee

Sponsors