Procedures governing cost recovery for public utility electric generation and transmission assets modified.

HF 1311 modifies Minnesota's rules for how public utilities recover costs for electric generation and transmission assets. It requires utilities to submit detailed assessments showing how new assets contribute to system reliability during peak demand, including seasonal load calculations, before adding them to customer bills. For retiring assets, utilities must prove the action won't impair reliability, with the Public Utilities Commission required to explain impacts in its decisions. The bill directly affects Minnesota's electric utilities (like Xcel Energy) and the commission that reviews their rate requests. These changes apply to new filings after enactment, focusing on ensuring reliability while determining which costs can be passed to ratepayers.