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
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 27, 2025 | Senate | Action | Introduction and first reading | ||
| January 27, 2025 | Senate | Action | Referred to | Energy, Utilities, Environment, and Climate |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "Specifies the biomass plant referenced for the compensation process in the bill.",
"modified": []
},
"citation": "116C.779"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Details the authority for the early termination of the power purchase agreement with the biomass plant.",
"modified": []
},
"citation": "216B.2424"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Applies to records submitted to the Office of Administrative Hearings under the business data category.",
"modified": []
},
"citation": "13.591"
}
]