SF 4835

This bill eliminates the annual payment requirements for the Monticello nuclear generating plant to Minnesota's renewable development account, while maintaining similar payment obligations for the Prairie Island nuclear plant. Previously, Monticello was required to transfer $350,000 per year for each dry cask storing spent nuclear fuel while operating (or $5.25 million annually when not operating), but this bill strikes those provisions entirely while keeping Prairie Island's obligation of $500,000 per dry cask annually (though reducing their total annual transfer by $3.75 million). The bill also makes several other energy-related changes including modifications to distributed solar energy standards, extending sales tax exemptions on residential utilities year-round, and exempting electric and natural gas facilities from state commercial-industrial property taxes.