Minnesota HF4377 mandates specific demand forecasts in applications for petroleum pipeline certificates of need.

Minnesota HF4377 specifies required elements in applications for a certificate of need for petroleum pipelines. The bill mandates that applicants include separate annual demand forecasts for motor fuel and other refined petroleum products. These forecasts must cover each year of the 15-year period following the application filing. The forecasts must consider factors such as crude oil prices, changes in transportation infrastructure, fuel intensity, electric vehicle penetration rates, and capacity expansion plans.

Minnesota HF4377 mandates specific demand forecasts in applications for petroleum pipeline certificates of need.

Minnesota HF4377 specifies required elements in applications for a certificate of need for petroleum pipelines. The bill mandates that applicants include separate annual demand forecasts for motor fuel and other refined petroleum products. These forecasts must cover each year of the 15-year period following the application filing. The forecasts must consider factors such as crude oil prices, changes in transportation infrastructure, fuel intensity, electric vehicle penetration rates, and capacity expansion plans.