MI HB5530

Changes condemnation power language from "shall have" to "has" for independent and affiliated transmission companies to acquire property necessary for electric energy transmission.

Specifies the date of July 12, 2004 for private agreements that transmission companies cannot circumvent regarding rights-of-way leases from utilities.

Requires Michigan Public Service Commission approval within 180 days (or up to 210 days if parties agree) before transmission companies can condemn utility property in a manner that would unreasonably disrupt utility service.

Redefines "independent transmission company" to include either entities divested transmission facilities from utilities before December 31, 2000 or holders of certificates under the electric transmission line certification act, provided they are not affiliated with utilities generating or distributing electricity.

Adds definition of "affiliated transmission company" as entities with transferred facilities that joined a regional transmission organization but remain affiliated with electric utilities.