1.1.................... moves to amend H.F. No. 850 as follows:
1.2Delete everything after the enacting clause and insert:

1.3    "Section 1. Minnesota Statutes 2010, section 216B.16, subdivision 7, is amended to
1.4read:
1.5    Subd. 7. Energy and emission control products cost adjustment. Notwithstanding
1.6any other provision of this chapter, the commission may permit a public utility to file
1.7rate schedules containing provisions for the automatic adjustment of charges for public
1.8utility service in direct relation to changes in:
1.9(1) federally regulated wholesale rates for energy delivered through interstate
1.10facilities;
1.11(2) direct costs for natural gas delivered; or
1.12(3) costs for fuel used in generation of electricity or the manufacture of gas; or
1.13(4) prudent costs incurred by a public utility for sorbents, reagents, or chemicals
1.14used to control emissions from an electric generation facility, provided that these costs are
1.15not recovered elsewhere in rates. The utility must track and report annually the volumes
1.16and costs of sorbents, reagents, or chemicals using separate accounts by generating plant.

1.17    Sec. 2. Minnesota Statutes 2010, section 216B.16, is amended by adding a subdivision
1.18to read:
1.19    Subd. 19. Multiyear rate plan. (a) A public utility may propose, and the
1.20commission may approve, approve as modified, or reject a multiyear rate plan as provided
1.21in this subdivision. The term "multiyear rate plan" refers to a plan establishing the rates the
1.22utility may charge for each year of the specified period of years to be covered by the plan.
1.23The commission may approve a multiyear rate plan only if it finds that the plan establishes
1.24just and reasonable rates for the utility, applying the factors described in subdivision 6.
1.25(b) Rates charged under a multiyear rate plan must be based only upon the utility's
1.26reasonable and prudent costs of service over the term of the plan, as determined by the
2.1commission, provided that the costs are not being recovered elsewhere in rates. Rate
2.2adjustments authorized under subdivisions 6b and 7 may continue outside of a plan
2.3authorized under this subdivision.
2.4(c) The commission may, by order, establish terms, conditions, and procedures
2.5necessary to implement this subdivision, including a mechanism to periodically examine
2.6a multiyear rate plan to ensure rates charged under the plan remain just and reasonable.
2.7In reviewing a multiyear rate plan proposed in a general rate case under this section,
2.8the commission may extend the time requirements for issuance of a final determination
2.9prescribed in this section by an additional 90 days beyond its existing authority under
2.10subdivision 2, paragraph (f)."
2.11Amend the title accordingly