SF4002 (Legislative Session 94 (2025-2026))
Public utilities and cooperative electric associations reporting of revenue authorized and collected requirement provision
Related bill: HF3778
AI Generated Summary
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.
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
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 02, 2026 | Senate | Action | Introduction and first reading | ||
| March 02, 2026 | Senate | Action | Referred to | Energy, Utilities, Environment, and Climate |
Citations
[
{
"analysis": {
"added": [
"Adds Subd.4 Reporting requirement under 216B.05.",
"Requires annual reporting by April 30 of each year for the preceding calendar year.",
"Requires separation of reported revenues into base rates and each bill rider."
],
"removed": [],
"summary": "This bill adds a new Subd.4 to Minnesota Statutes section 216B.05 establishing a reporting requirement for public utilities and cooperative electric associations subject to rate regulation under section 216B.026. The entities must annually report to the commission the total authorized revenue for the preceding calendar year, the total actual revenue collected from customers for the preceding calendar year, and any other information the commission may require by rule or order, with revenues reported separately for base rates and each bill rider.",
"modified": [
"Amends 216B.05 by adding a new subdivision."
]
},
"citation": "216B.05",
"subdivision": "Subd.4"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill references Minnesota Statutes section 216B.026 to establish the context for rate regulation, but does not modify 216B.026 itself.",
"modified": []
},
"citation": "216B.026",
"subdivision": ""
}
]Progress through the legislative process
In Committee