Biomass energy plant closure and sale business compensation process establishment

SF 635 establishes a claims process to compensate Minnesota businesses that lost contracts or investments when a biomass energy plant closed early. Businesses must have had a valid contract with the plant as of May 1, 2017, operate in Minnesota, and show either decreased operating income or loss of property value due to the closure. The Office of Administrative Hearings will handle claims, requiring businesses to provide financial records and evidence of lost revenue or property value, while deducting any insurance payments received. Compensation for income losses is capped at twice the calculated loss amount, and claims must account for property salvage value. This process applies specifically to businesses affected by the early termination of power agreements with the identified biomass plant.