MI SB1456

Michigan Public Service Commission is prohibited from altering rates, terms, conditions, duration, or enforceability of economic development tariff contracts executed before October 6, 2008, for industrial customers with at least 70,200,000 kilowatt-hour increases over 12 consecutive months.

Electric utilities are allowed to recover the full revenue difference between economic development tariff rates and their actual cost of service from all other ratepayers across all customer classes in general rate cases using projected test years.

Revenue recovery for economic development tariffs shall be allocated using the cost allocation method specified in section 11 of the 1939 Public Utilities Act.

This act takes precedence over any conflicting state law.

The act is repealed effective December 1, 2015, and became effective December 16, 2010.