HB 4303 Summary

• Allows natural gas utilities to file infrastructure expansion investment plans with the Public Service Commission to serve unserved or underserved areas in Michigan.

• Caps annual infrastructure expansion spending at $5,000,000 or 25% of the utility's annual spending on replacing aging pipe, whichever is greater.

• Requires utilities to submit detailed plans including a 1-year investment projection, proposed recovery mechanism, cost-benefit analysis, and 5-year investment projections for commission approval within 180 days.

• Establishes annual reconciliation filings reviewed in contested hearings to ensure utilities extended service as planned and allows recovery of excess costs if demonstrated to be reasonable and prudent.

• Automatically repeals this section 10 years after enactment; takes effect 90 days after the date of enactment.