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Stock impact report

Does Minnesota law protect residents from data center costs? [USA TODAY]

Portland General Electric Co (POR) 
Last portland general electric co earnings: 4/24 05:00 am Check Earnings Report
US:NYSE Investor Relations: investors.portlandgeneral.com
Company Research Source: USA TODAY
say the massive computing facilities won't raise regular customers' electricity bills. There's good reason to believe them, at least in the near term. That's because Gov. Tim Walz signed a law last year creating a separate class of “very large” utility customers separate from residential, commercial and most industrial customers. In practice, most will be data centers. The service agreements between these facilities and utilities like Xcel Energy must cover the full cost of their electric service and any system upgrades needed to serve them reliably; avoid burdening other customers if the facilities downsize or close; and comport with Minnesota's carbon-free power standard. The public is about to get more insight into the first such arrangement developed under the new law. Xcel plans to file the service agreement for Google's Rochester-area data center “in the coming weeks,” a utility spokesperson told the Reformer Meanwhile, in a separate proceeding, the Minnesota Public Util Show less Read more
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