Loading chat...
MI HB5555
Bill
Status
5/8/2014
Primary Sponsor
Aric Nesbitt
Click for details
AI Summary
-
Allows natural gas utilities to file infrastructure expansion investment plans with the Michigan Public Service Commission to serve unserved or underserved areas.
-
Infrastructure expansion investment plans must include a 1-year projection, proposed recovery mechanism, cost-benefit analysis, and up to 5-year investment projection.
-
The Commission has 180 days to review and approve, disapprove, or amend the plan and recovery mechanism through a contested hearing process.
-
Utilities must annually file reconciliations comparing actual investments to approved plans, with the Commission adjusting recovery rates accordingly; excess costs require demonstration of reasonableness and prudence.
-
Utilities may recover incremental revenue requirements consisting of return on incremental rate base, depreciation, property taxes, and allowance for funds used during construction.
Legislative Description
Public utilities; natural gas utilities; infrastructure expansion investment costs for certain underserved or unserved areas; allow natural gas utilities to recover. Amends 1939 PA 3 (MCL 460.1 - 460.11) by adding sec. 9u.
Public utilities, public service commission
Last Action
Printed Bill Filed 05/09/2014
5/13/2014