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SF 4002

Public utilities and cooperative electric associations reporting of revenue authorized and collected requirement provision

2025-2026 Regular Session Introduced by Jen McEwen

The bill requires Minnesota public utilities and electric cooperatives to report both revenue authorized and revenue actually collected.

Referred to Energy, Utilities, Environment, and Climate
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Bill Summary · SF 4002

Summary: SF 4002 (Minnesota) – Public Utilities and Cooperative Electric Associations Reporting of Revenue Authorized and Collected Requirement Provision

Overview

SF 4002 proposes a reporting requirement for public utilities and cooperative electric associations in Minnesota. The bill aims to illuminate revenue-related information by mandating that these entities report both revenue that is authorized and revenue that is actually collected. The measure is sponsored in the Senate with co-sponsorship by Jen McEwen and was introduced on March 2, 2026, and referred to the Energy, Utilities, Environment, and Climate committee.

Purpose and Intent

  • Increase transparency and accountability for public utilities and cooperative electric associations regarding how much revenue they are authorized to charge and how much revenue they actually collect from customers.
  • Provide policymakers with clearer data to assess rate design, affordability, and financial performance of electric utilities within Minnesota.

Key Provisions (as described)

  • Reporting Requirement: Utilities and cooperative electric associations must submit reports detailing:
    • Revenue authorized (the amount approved by regulators or governing bodies for collection under rates, tariffs, or approved schedules).
    • Revenue collected (the actual amounts received from customers over the reporting period).
  • Entities Covered: Public utilities and cooperative electric associations operating in Minnesota (specific classes of entities would be defined in the bill’s text, typically including investor-owned utilities, municipal utilities, and electric cooperatives).
  • Reporting Frequency and Format: While the exact cadence and format are not provided in the summary, bills of this type typically specify annual or semiannual reporting, standardized data fields, and submission to a designated state agency (likely the Public Utilities Commission or a similar agency).
  • Data Scope: The reports generally would cover revenue streams related to electric service, and may require breakdowns by rate class, service territory, or other relevant categories to enable analysis of revenue authorization versus collection.

Affected Parties

  • Public utilities (investor-owned, publicly owned, or municipal) operating in Minnesota.
  • Cooperative electric associations serving Minnesota members/customers.
  • The Minnesota Public Utilities Commission (or the relevant state regulatory body) responsible for administering the reporting framework.
  • Electric customers and ratepayers, indirectly, through enhanced transparency of utility revenue performance.

Procedural and Timeline Aspects

  • Introduction and First Reading: March 2, 2026.
  • Referral: Energy, Utilities, Environment, and Climate committee.
  • The bill’s effective date, implementation timeline, and any phase-in requirements would be specified in the full text. Typically, such bills include an effective date (e.g., upon enactment or a future date) and may require regulatory agencies to adopt reporting forms or rules.

Potential Impacts

  • Regulatory Transparency: Provides lawmakers and the public with clearer insight into whether authorized revenues align with actual collections.
  • Policy Analysis: Facilitates evaluation of rate design effectiveness, affordability concerns, and utility financial health.
  • Administrative Burden: Creates new reporting obligations that utilities must implement, potentially involving data compilation, validation, and regulatory submissions.

Notes

  • This summary reflects the bill’s stated title and the actions taken as of the latest available information. The precise definitions, data elements, reporting deadlines, penalties for noncompliance, and enforcement mechanisms would be detailed in the bill’s full text and any amended language during committee consideration.

Compiled from official sources — confirm details with the bill’s official record.

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