1.1 A bill for an act 1.2 relating to energy; requiring an advanced nuclear study; requiring a report; 1.3 appropriating money. 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. ADVANCED NUCLEAR STUDY. 1.6 Subdivision 1.Study required.(a) The commissioner of commerce must conduct a 1.7study evaluating the potential costs, benefits, and impacts of advanced nuclear technology 1.8reactor power generation in Minnesota. 1.9 (b) At a minimum, the study must address the potential costs, benefits, and impacts of 1.10advanced nuclear technology reactor power generation on: 1.11 (1) Minnesota's greenhouse gas emissions reduction goals under the Next Generation 1.12Energy Act, Laws 2007, chapter 136; 1.13 (2) system costs for ratepayers; 1.14 (3) system reliability; 1.15 (4) the environment; 1.16 (5) local jobs; and 1.17 (6) local economic development. 1.18 (c) The study must also evaluate: 1.19 (1) current Minnesota statutes and administrative rules that would require modifications 1.20in order to enable the construction and operation of advanced nuclear reactors; and 1Section 1. 25-02444 as introduced01/21/25 REVISOR RSI/HL SENATE STATE OF MINNESOTA S.F. No. 1435NINETY-FOURTH SESSION (SENATE AUTHORS: MATHEWS, Gruenhagen and Weber) OFFICIAL STATUSD-PGDATE Introduction and first reading02/17/2025 Referred to Energy, Utilities, Environment, and Climate 2.1 (2) the economic feasibility of replacing coal-fired boilers with advanced nuclear reactors, 2.2while accounting for the avoided costs that result from the closure of coal-fired plants. 2.3 Subd. 2.Report.The commissioner of commerce must submit the results of the study 2.4under subdivision 1 to the chairs and ranking minority members of the legislative committees 2.5having jurisdiction over energy finance and policy no later than January 31, 2026. 2.6 Sec. 2. APPROPRIATION. 2.7 $150,000 in fiscal year 2026 is appropriated from the general fund to the commissioner 2.8of commerce to conduct the study and develop the report under section 1. This is a onetime 2.9appropriation. 2Sec. 2. 25-02444 as introduced01/21/25 REVISOR RSI/HL