MI SB1363

Prohibits the Public Service Commission from altering rates, terms, conditions, duration, or enforceability of economic development tariffs executed with industrial customers before October 6, 2008, that provide for at least 70,200,000 kilowatt hours of increased connected load over 12 consecutive months.

Allows electric utilities and qualifying customers to negotiate new contracts with the same or similar rates following expiration of initial contracts, with the commission prohibited from disapproving or limiting enforceability of such renewal contracts.

Requires the commission to allow utilities to recover in general rate cases the full difference between projected revenue under economic development tariffs or new contracts and the utility's cost to provide service to qualifying customers, allocated to all other ratepayers across all classes.

Establishes that this act takes precedence over any conflicting state law provisions.