Energy and utilities finance bill approved

The Energy and Utilities Policy and Finance Committee wrapped up its work this week with the passage of its omnibus bill, which will become part of the Senate’s supplemental finance bill. The bill includes several modifications to state energy policy, including:

  • Capping Xcel Energy’s payments to the renewable development account at $16 million for each year the Prairie Island or Monticello nuclear waste plants are in operation, and at lower amounts following closure of those plants;
  • Requiring investor-owned utilities to include assessments of energy storage systems in their resource plans, and a cost-benefit analysis of energy storage system;
  • Authorizing solar energy systems of up to 40 kilowatts to be eligible for solar production incentives under Xcel Energy’s Solar Rewards program;
  • and funding a uniform electronic data tracking system to be available to utilities for accurate measurement of the cost and energy savings of energy conservation improvements.

The bill will be heard next in the Finance Committee. (SF 3870)