SF4002

Purpose

• Establish a new annual reporting requirement for public utilities and cooperative electric associations that are subject to rate regulation under Minnesota law.

Scope and Applicability

• Applies to public utilities and cooperative electric associations regulated under section 216B.026.
• Reports are submitted to the Minnesota Public Utilities Commission (the commission).

Key Provisions

• Adds a new subdivision (Subd. 4) to Minnesota Statutes 2024 section 216B.05.
• Reporting deadline: On or before April 30, 2027, and then annually thereafter.
• Report contents (to the commission):
  • 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 commission may require by rule or order.
• Reporting format: Revenues must be reported separately for base rates and for each bill rider.

What Changes This Bill Makes

• Introduces a mandatory, annual disclosure of both authorized and actual revenues to the commission.
• Requires separation of revenue data into base rates and each bill rider, enhancing transparency of rate structures.

Timeline

• First reporting deadline: April 30, 2027.
• Subsequent reports: Annually thereafter.

Potential Implications

• Increases transparency of how utilities’ authorized revenues compare to what customers actually pay.
• Provides data that could influence rate design discussions, regulatory oversight, and policy decisions.

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Relevant Terms public utility cooperative electric association rate regulation Minnesota Public Utilities Commission 216B.026 216B.05 Subd. 4 Reporting requirement total authorized revenue total actual revenue base rates bill rider preceding calendar year rule or order