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HF1772 (Legislative Session 94 (2025-2026))

Process established to compensate businesses for loss of business opportunity resulting from sale and closure of a biomass energy plant.

Related bill: SF635

AI Generated Summary

This bill establishes a process to compensate Minnesota businesses that suffered financial losses due to the early termination of a power purchase agreement and subsequent closure of a biomass energy plant. It directs the Office of Administrative Hearings to oversee the claims process, define eligibility, and establish compensation criteria. Eligible businesses must have had a valid contract with the biomass plant as of May 1, 2017, and must prove decreased operating income or loss of investment value in property essential to their operations. Awards are determined based on documented financial losses, mitigation efforts, and other compensation received. If funds are insufficient to fully compensate all claims, awards will be reduced proportionally. The compensation process will begin by August 1, 2025, and the law will expire on June 30, 2027.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 02, 2025HouseFloorActionIntroduction and first reading, referred toState Government Finance and Policy

Citations

 
[
  {
    "analysis": {
      "added": [
        "No changes to this citation."
      ],
      "removed": [
        "No sections removed regarding this citation."
      ],
      "summary": "The bill defines 'biomass plant' as the one identified under section 116C.779 subdivision 1 paragraph f.",
      "modified": [
        "No modifications specifically to this citation."
      ]
    },
    "citation": "116C.779"
  },
  {
    "analysis": {
      "added": [
        "Clarification on early termination context."
      ],
      "removed": [
        "No sections removed regarding this citation."
      ],
      "summary": "Defines 'early termination' as the ending of a power purchase agreement under section 216B.2424 subdivision 9.",
      "modified": [
        "No modifications specifically to this citation."
      ]
    },
    "citation": "216B.2424"
  },
  {
    "analysis": {
      "added": [
        "Ensures business data submitted is treated under existing statute 13.591."
      ],
      "removed": [
        "No sections removed regarding this citation."
      ],
      "summary": "References section 13.591 concerning business data submitted to the Office of Administrative Hearings.",
      "modified": [
        "No modifications specifically to this citation."
      ]
    },
    "citation": "13.591"
  }
]

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