SF1435

Senate Bill S.F. No. 1435, introduced in Minnesota, requires the Commissioner of Commerce to conduct a comprehensive study on the potential effects of using advanced nuclear technology for power generation. This study will look into the costs, benefits, and impacts of such technology, particularly in relation to reducing greenhouse gas emissions, affecting electricity costs for consumers, ensuring reliable energy supply, impacting the environment, and contributing to local jobs and economic development.

Additionally, the study will assess the need for changes to current state laws and regulations to allow the construction and operation of advanced nuclear reactors. It will also explore the economic viability of replacing coal-fired boilers with advanced nuclear reactors and consider the cost savings from closing coal-fired plants.

The findings of the study must be reported to key legislative committees by January 31, 2026. To facilitate this study, the bill appropriates $150,000 from the general fund for the fiscal year 2026. This funding is a one-time provision specifically for this purpose.