Minnesota HF1226 authorizes natural gas utilities to issue extraordinary event bonds for certain circumstances, establishes an account, and.
Minnesota HF1226 allows natural gas utilities to sell extraordinary event bonds under specific conditions, establishes an account, and appropriates money. The bill defines "extraordinary event" as an unforeseen circumstance imposing significant costs on customers, such as natural disasters or cybersecurity attacks. Utilities can issue bonds to finance costs related to restoring or maintaining natural gas service after such events.
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