SB 0627
Public utilities: electric utilities; approval of sale, assignment, transfer, or encumbrance of utility assets; modify factors. Amends sec. 6q of 1939 PA 3 (MCL 460.6q).
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill updates the rules for how electric utilities in Michigan can sell, transfer, or merge their assets. It requires utilities to get approval from the Public Service Commission before making significant changes to their ownership or operations. The commission will carefully review these proposals, considering factors like potential impacts on customer rates, energy service reliability, and the utility's ability to raise capital. The bill also outlines a detailed process for applications, including required information and timelines for review and approval.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Jon C. Bumstead
Cosponsors
Joseph N. Bellino Jr.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.