[Repealed, 2016 c 189 art 6 s 16] NOTE: Subdivision 2 was also amended by Laws 2016, chapter 135, article 4, section 9, to read as follows: § "Subd. 2.Definitions. (a) The terms used in this section have the meanings given them in this subdivision. (b) "C-BED tariff" or "tariff" means a community-based energy development tariff. (c) "Qualifying beneficiary" means: (1) a Minnesota resident individually or as a member of a Minnesota limited liability company organized under chapter 322B or 322C and formed for the purpose of developing a C-BED project; (2) a Minnesota nonprofit organization organized under chapter 317A; (3) a Minnesota cooperative association organized under chapter 308A or 308B, including a rural electric cooperative association or a generation and transmission cooperative on behalf of and at the request of a member distribution utility; (4) a Minnesota political subdivision or local government including, but not limited to, a municipal electric utility, or a municipal power agency on behalf of and at the request of a member distribution utility; the office of the commissioner of Iron Range resources and rehabilitation; a county, statutory or home rule charter city, town, school district, or public or private higher education institution; or any other local or regional governmental organization such as a board, commission, or association; (5) a tribal council; or (6) a legal entity (i) formed for a purpose other than to participate in C-BED projects; (ii) whose principal place of business or principal executive office is located in Minnesota; and (iii) that provides labor, services, equipment, components, or debt financing to a C-BED project. A public utility, as defined in section 216B.02, subdivision 4, is not a qualifying beneficiary. (d) "Qualifying revenue" includes, but is not limited to: (1) royalties, distributions, dividends, and other payments flowing directly or indirectly to individuals who are qualifying beneficiaries; (2) reasonable fees for consulting, development, professional, construction, and operations and maintenance services paid to qualifying beneficiaries; (3) interest and fees paid to financial institutions that are qualifying beneficiaries; (4) the value-added portion of payments for goods manufactured in Minnesota; and (5) production taxes. (e) "Discount rate" means the ten-year United States Treasury Yield as quoted in the Wall Street Journal as of the date of application for determination under subdivision 10, plus five percent; except that the discount rate applicable to any qualifying revenues contingent upon an equity investor earning a specified internal rate of return is the ten-year United States Treasury Yield, plus eight percent. (f) "Standard reliability criteria" means: (1) can be safely integrated into and operated within the utility's grid without causing any adverse or unsafe consequences; and (2) is consistent with the utility's resource needs as identified in its most recent resource plan submitted under section 216B.2422. (g) "Renewable" refers to a technology listed in section 216B.1691, subdivision 1, paragraph (a). (h) "Community-based energy development project" or "C-BED project" means a new renewable energy project that either as a stand-alone project or part of a partnership under subdivision 8: (1) has no single qualifying beneficiary, including any parent company or subsidiary of the qualifying beneficiary, owning more than 15 percent of a C-BED wind energy project unless: (i) the C-BED wind energy project consists of only one or two turbines; or (ii) the qualifying beneficiary is a public entity listed under paragraph (c), clause (4); (2) demonstrates that at least 51 percent of the net present value of the gross revenues from a power purchase agreement over the life of the project are qualifying revenues; and (3) has a resolution of support adopted by the county board of each county in which the project is to be located, or in the case of a project located within the boundaries of a reservation, the tribal council for that reservation. (i) "Value-added portion" means the difference between the total sales price and the total cost of components, materials, and services purchased from or provided outside of Minnesota."