MI SB0727

Expands renewable energy credit eligibility to include customers of investor-owned electric utilities authorized after January 1, 2016 that operate iron ore mining or operating facilities and represent at least 25% of that utility's annual sales

Requires the commission within 120 days to modify renewable energy plans for qualifying utilities to grant iron ore facility customers cost-based rate credits and allow recovery of incremental compliance costs from other customers through volumetric rates

Allows investor-owned utilities serving qualifying iron ore customers to exclude electricity sales to those customers from clean energy standard calculations until 2045 if the customer supplies sufficient renewable energy credits

Permits municipally owned electric utilities in Upper Peninsula cities with population between 20,000-25,000 that installed reciprocating internal combustion engines before 2020 to receive clean energy standard deadline extensions of up to 5 years, with potential for an additional 5-year extension

Removes requirement for commission to deliver a December 1, 2024 report on Upper Peninsula electric generation conditions and replaces it with the iron ore facility exemption provisions