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MI SB0936
Bill
AI Summary
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Establishes an 8-member governing board for specified municipally owned electric utilities, with board seats apportioned among served municipalities based on percentage of peak load used, ensuring each municipality has at least 1 member.
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Requires each governing board to include at least 1 licensed professional engineer, 1 certified public accountant, and 1 attorney licensed to practice in Michigan.
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Mandates that any profits made by the utility be apportioned among served municipalities based on the percentage of peak load each municipality uses.
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Requires electric rates to equal the cost of providing service to each customer class using the 50-25-25 method of cost allocation, while allowing for special rates for eligible low-income and senior citizen customers.
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Prohibits multiyear contracts with the utility's director or executive management team members effective upon the act's enactment and requires creation of an emergency response and communications plan compliant with the national incident management system.
Legislative Description
Public utilities; municipal utilities; certain municipally owned electric utilities; revise members of board, require to establish emergency response and communications plans, and require rates to be equal to the cost of service. Amends 1939 PA 3 (MCL 460.1 - 460.11) by adding sec. 9u.
Public utilities, public service commission
Last Action
Referred To Committee On Energy And Technology
5/14/2014