Minnesota SF3992 amends utility rate regulations to prioritize affordability and customers' ability to pay.

Minnesota SF3992 amends the state's utility rate regulations to require the commission to consider customers' ability to pay rates when determining if a return is fair and reasonable. The bill also mandates the commission to set rates to promote affordable service for all Minnesotans, encourage energy conservation, and further the goals of renewable energy use. The commission must give due consideration to the public need for adequate, efficient, and reasonable service and the need of the public utility for revenue sufficient to meet the cost of service.

Minnesota SF3992 amends utility rate regulations to prioritize affordability and customers' ability to pay.

Minnesota SF3992 amends the state's utility rate regulations to require the commission to consider customers' ability to pay rates when determining if a return is fair and reasonable. The bill also mandates the commission to set rates to promote affordable service for all Minnesotans, encourage energy conservation, and further the goals of renewable energy use. The commission must give due consideration to the public need for adequate, efficient, and reasonable service and the need of the public utility for revenue sufficient to meet the cost of service.