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Committee advances bill allowing MEAG 20‑year contracts with safeguards to protect local ratepayers
Summary
A committee substitute to House Bill 1027 would let MEAG Power sign longer contracts (up to 20 years) with large 'data center' customers while requiring those customers to pay the full share of any new generation construction during the contract term; the measure passed committee 9‑1 after debate about local rate authority and court validation.
The Regulated Industries and Utilities Committee voted Wednesday to advance a committee substitute to House Bill 1027 that would permit MEAG Power to enter contracts of up to 20 years with large load customers, notably data centers, while adding provisions designed to protect municipal retail ratepayers.
Representative Anderson (S6) presented the substitute and described changes from the prior version: the draft removes references to retail customer rates and instead requires that any additional generating capacity built to serve a large load customer be paid for by that customer during the initial contract term, limiting the risk that construction costs…
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