Minnesota SF635 establishes a compensation process for businesses affected by the closure of a biomass energy plant.

Minnesota SF635 creates a process to compensate businesses for losses due to the sale and closure of a biomass energy plant. The bill defines a "biomass plant" and outlines the types of claims eligible businesses can make, including decreased operating income and loss of value of investments in real or personal property. To be eligible, businesses must have been operating under a valid contract with the biomass plant as of May 1, 2017, and be located in Minnesota.

Minnesota SF635 establishes a compensation process for businesses affected by the closure of a biomass energy plant.

Minnesota SF635 creates a process to compensate businesses for losses due to the sale and closure of a biomass energy plant. The bill defines a "biomass plant" and outlines the types of claims eligible businesses can make, including decreased operating income and loss of value of investments in real or personal property. To be eligible, businesses must have been operating under a valid contract with the biomass plant as of May 1, 2017, and be located in Minnesota.