Public utilities: rates; public service commission issuing a report before approving a rate increase; require. Amends sec. 6a of 1939 PA 3 (MCL 460.6a).
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill requires Michigan’s Public Service Commission (PSC) to issue a report detailing any proposed rate increases before approving them. It also establishes procedures for utilities seeking rate increases, including notice to affected customers and a public hearing process. The bill includes provisions for delaying filings, ensuring complete applications, and addressing potential rate increases due to fuel costs. It also outlines rules for utilities seeking partial immediate rate relief and establishes timelines for the PSC’s decision-making process.
Key provisions
- The PSC must issue a report detailing proposed rate increases before approval.
- Utilities must coordinate with the PSC staff before filing rate increase applications.
- Electric utilities serving over 1,000,000 customers may face a 21-day spacing between filings.
- Interested parties must receive notice and have a chance to participate in a full and complete hearing.
- The PSC must notify the utility within 30 days regarding the completeness of an application.
- A utility may seek partial immediate rate relief with a 180-day limit for the commission to act.
- The bill includes provisions for addressing fuel cost increases and establishing a revenue decoupling mechanism for certain utilities.
- A merchant plant can recover costs exceeding contract payments under specific circumstances.
Who is affected
- Electric Utilities
Bill text
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Document of record
- Version
- Senate Introduced Bill
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