HF3778

Purpose

This bill requires certain energy utilities to publicly report and disclose detailed revenue information. The goal is to increase transparency about how much revenue utilities are authorized to collect versus how much they actually collect, aiding oversight and accountability.

Main provisions

• Creates a new reporting requirement under Minnesota Statutes 2024 section 216B.05 (Subd. 4: Reporting requirement).
• Entity subjects: Public utilities and cooperative electric associations that are regulated on rates under section 216B.026.
• Reporting timeline: On or before April 30, 2027, and then annually afterward.
• Report contents:
  • The total authorized revenue for the preceding calendar year.
  • The total actual revenue collected from customers during the preceding calendar year.
  • Any other information the Public Utilities Commission (the “commission”) may require by rule or order.
• Reporting format: Revenues must be reported separately for base rates and each bill rider (i.e., separate line items for base rates and for each additional charge collected through riders).

Scope and applicability

• Applies to public utilities and cooperative electric associations that fall under rate regulation under Minnesota law.
• The commission is empowered to require additional information through future rules or orders.

Significant changes to existing law

• Adds a new subdivision (Subd. 4) to Minnesota Statutes 2024 section 216B.05, establishing a formal, annual revenue reporting requirement.
• Introduces mandatory disclosure of both authorized revenue and actual revenue collected, with separation by base rates and bill riders.
• Establishes a concrete annual reporting deadline (April 30) beginning in 2027.

Relevant Terms

public utility cooperative electric association rate regulation Minnesota Public Utilities Commission (the commission) base rates bill rider authorized revenue actual revenue collected reporting requirement Minnesota Statutes 2024 §216B.05 216B.026 Subd. 4 annual reporting rule or order