MI SB0956

Prohibits charging excessively increased prices for gasoline, propane, and home heating oil during or after a market disruption, defined as a price increase exceeding 10% that cannot be justified by increased costs or prior extraordinary discounts.

Exempts products and services regulated by the Michigan Public Service Commission, Federal Energy Regulatory Commission, cooperative electric utilities, and municipally owned utilities from the pricing prohibitions.

Authorizes the Attorney General to bring class actions for actual damages (minimum $100 per person) and civil penalties up to $10,000 per violation for individuals or $1,000,000 for other entities.

Establishes criminal penalties of up to 1 year imprisonment and $10,000 fine for individuals, or $1,000,000 fine for non-individuals, who knowingly violate pricing prohibitions.

Takes effect only if Senate Bills 954 and 955 are also enacted into law.