Authorizes natural gas utilities to sell extraordinary event bonds under certain circumstances.

The bill authorizes natural gas utilities in Minnesota to sell extraordinary event bonds to recover costs from events like natural disasters or cyber attacks. It defines "extraordinary event" and "extraordinary event bonds," and establishes rules for their issuance, including that they are not debt of the state or political subdivisions. It also outlines the rights and protections for bondholders and the commission's duties regarding these bonds. Extraordinary event charges are nonbypassable and must be paid by customers.

Authorizes natural gas utilities to sell extraordinary event bonds under certain circumstances.

The bill authorizes natural gas utilities in Minnesota to sell extraordinary event bonds to recover costs from events like natural disasters or cyber attacks. It defines "extraordinary event" and "extraordinary event bonds," and establishes rules for their issuance, including that they are not debt of the state or political subdivisions. It also outlines the rights and protections for bondholders and the commission's duties regarding these bonds. Extraordinary event charges are nonbypassable and must be paid by customers.