*This information is provided for informational purposes only and Minnesota Statutes and Rules are subject to change. Please verify all instructions with the most recent Minnesota Public Utilities Commission Filings. Legal Compliance must be consistent with Minnesota Statutes and Rules. Always Consult the following Minnesota Public Utilities Commission Dockets:
In the Matter of Commission Consideration and Determination on Compliance with Renewable Energy Standards Docket Number E-999/M-18-78 (for MN Compliance Year 2018)
In the Matter of the Green Pricing Verification Filing Process
Docket No. E-999/PR-02-1240
All utilities subject to Minn. Stat. §216B.1691, as well as those with Green Pricing Programs, must file annual verification reports for the Renewable Energy Standards (RES), Renewable Energy Credits (REC) retirement, and Green Pricing. All three may be met by completing the information requested in the spreadsheet and filing it no later than June 1, 2018. The spreadsheet may be found here:
Please note Tab 5 of the spreadsheet addresses the filing requirements for the RES biennial reporting obligation and is only included in years in which the biennial report requirement applies, as it does this year. Utilities are required to file this information pursuant to the Commission’s Order Finding Utilities In Compliance With Minn. Stat. §216b.1691 And Modifying Biennial Reporting Procedures, in Docket No. E-999/M-12-958, issued May 28, 2013.
In accordance with the Commission’s March 19, 2010 Order (in Docket No. E-999/CI-03-869), all entities covered under Minn. Stat. §216B.1691, except Xcel Energy, must retire RECs representing 17 percent of annual retail sales for calendar year 2017. Xcel Energy is required to retire RECs representing 25 percent of annual retail sales for calendar year 2017.
Compliance is measured on a calendar year basis. Utilities must retire a sufficient number of RECs to meet the their annual RPS obligations and retire a sufficient number of RECs to meet the green pricing sales for the applicable calendar year. These retirements must be completed by May 1 of the year following the compliance year. For example, RECs for compliance (calendar) year 2017 must be transferred and retired by May 1, 2018.
2012 - 12%
2016 - 17%
2020 - 20%
2025 - 25%
Xcel Energy (the only nuclear utility which is how this is referenced in the statute)
2010 - 15%
2012 - 18%
2016 - 25%
2020 - 30%
Eligible energy facilities: RECs must originate from eligible energy technology as defined by Minn. Stat. §216B.1691, subd. 1.
REC shelf life: Only RECs retired before the end of their Commission-designated shelf life (the year of generation plus four years) will be counted towards either the RES requirement or a utility’s Green Pricing Program.
Questions about the Green Pricing section of the reporting form may be directed to Lise Trudeau, Minnesota Department of Commerce, Division of Energy Resources staff, at [email protected] or (651) 539- 1861.
I. Minnesota Compliance and Green Pricing Retirement Accounts
Utilities must establish an M-RETS retirement Account designated for the retirement of RECS for a specific compliance year (e.g. 2017 MN RES RECs for 2017 Minnesota RES Compliance Retirements) for all retail load serving entities. For those power agencies or cooperatives serving more than one distribution company, one RES REC retirement Account for all retail load serving entities served by a power agency or cooperative in the compliance year is sufficient. Each utility with a Green Pricing Program should establish a single account labeled with the year and MN Green Pricing retirement (e.g. 2017 MN Green Pricing).
Setting up accounts is quick and easy and information on how to do this can be found here:
Utilities should be as specific as possible in selecting names for the retirement accounts and should not use the default account name. Abbreviations will be required. RECs within these accounts must be segregated by compliance year and designated for either the Minnesota RES program [e.g. 2017 (Utility Name) MN RES] or the Minnesota Green Pricing Program [e.g. 2017 (Utility Name) MN Green Pricing].
Regulators already have access to these accounts so utilities do not need to do anything further to grant regulators access to their compliance retirement accounts.
II. Retiring Compliance RECs
III. Minnesota REC Shelf Life
Only RECs retired before the end of their Commission-designated shelf life (the year of generation plus four years) will be counted towards either the RES requirement or a utility’s Green Pricing Program. Note this application of REC shelf life does not apply to S-RECs intended to meet the SES.
IV. Compliance Period and Retirement Deadline
Compliance for Minnesota is measured on a calendar year basis. Utilities must transfer and retire a sufficient number of RECs to the RES retirementaccount to meet their annual RES obligations and transfer and retire a sufficient number of RECs to the Green Pricing retirement account to meet their annual green pricing sales for the applicable calendar year. These transfers and retirements must be completed by May 1 of the year following the compliance year. For example, RECs for compliance (calendar) year 2017 must be transferred and retired by May 1, 2018.