MI HB6524

Establishes escalating renewable energy credit standards requiring electric providers to achieve 100% renewable energy by 2035, with intermediate targets of 25% by 2025, 50% by 2027, and 75% by 2031.

Requires the Michigan Public Service Commission to review electric provider renewable energy plans by April 20, 2024 and every 2 years thereafter to ensure compliance with increased renewable energy standards.

Adds new Section 32 allowing the commission to grant up to 2 one-year extensions of renewable energy deadlines for good cause, including feasibility limitations, high costs, supply shortages, transmission constraints, or labor shortages.

Maintains existing retail rate impact limits of $3.00 per month for residential customers, $16.58 for commercial secondary customers, and $187.50 for commercial primary or industrial customers for renewable energy compliance costs.

Requires electric providers making good-faith efforts to spend authorized recovery costs and comply with approved plans to be considered in compliance with renewable energy standards.