SAY "YES" TO
SF 1456/SF 2297/HF 2441
This bill would repeal Minnesota’s 2012 right of first refusal (ROFR) law, opening up billions in new transmission projects to competitive bidding and lowering electricity costs for Minnesotans.
SAY "YES" TO SF 1456/SF 2297/HF 2441
This bill would repeal Minnesota’s 2012 right of first refusal (ROFR) law, opening up billions in new transmission projects to competitive bidding and lowering electricity costs for Minnesotans.
Minnesota's Electricity Prices are on the Rise
Since 2013, Minnesota electricity prices have risen by almost 30%, impacting family pocketbooks even as demand for electricity fell by 3.15%.[1]
Minnesota’s electricity rate increases are the 15th highest in the country.[2] This increase in electricity prices is due to skyrocketing transmission costs which have substantially increased as a portion of Minnesotan’s home electricity bills.
Minnesota's Anti-Competitive ROFR Law
Since 2012, while other states are requiring their electric utilities to competitively bid new transmission lines to reduce the costs to consumers, Minnesota law prohibits competition, denying consumers the benefit of lower electricity prices. It’s called a Right of First Refusal or ROFR. The existing law is anti-consumer, anti-market and anti-competitive.
Competition Lowers Electricity Costs
A new bill, SF 1456/SF 2297/HF 2441, would repeal the 2012 law and have ownership for new transmission lines open to competitive bidding lowering electricity costs for homeowners, farmers and business.
Electricity transmission competition has been shown to lower costs by as much as 40% for consumers, while ROFR bills cement monopoly power leading to higher monthly rates on utility bills for families and businesses. Previous competitive-bid electric transmission projects in Indiana have provided more than $1B in cost schedule benefits (far outweighing the cost) and have been completed over months and ahead of schedule. Read more here.
