Spent fuel located at Prairie Island required to be transferred to another site for storage, additional storage authorized to be constructed at the Monticello nuclear generating plant, public utility authorized to withhold money from the renewable development account to pay for the cost to transport spent fuel.

HF 3229 requires the Prairie Island nuclear plant to move its spent nuclear fuel to a new storage site by January 1, 2028, and authorizes construction of additional storage at the Monticello nuclear plant for fuel transferred from Prairie Island. The bill allows the public utility owning Prairie Island to withdraw funds from the state's renewable development account to cover transportation costs, reducing annual payments to the account by $3.75 million. This directly affects the Prairie Island and Monticello nuclear plant operators and the renewable development fund. The law amends existing statutes to mandate the fuel transfer deadline, authorize new storage capacity at Monticello, and establish the funding mechanism for transport.