Michigan HB4973 amends the Public Utilities Act to establish a bill credit for customers experiencing power outages.

HB4973 amends the Public Utilities Act by adding a section that requires electric utilities to provide bill credits to customers for service interruptions. For residential customers, the credit is based on the duration of the outage, with varying amounts for different time ranges. Nonresidential customers receive credits based on a formula set by the commission. The commission must adjust these credits every five years based on changes in the Consumer Price Index. The bill also includes provisions for rounding and carrying forward unused credits.

Michigan HB4973 amends the Public Utilities Act to establish a bill credit for customers experiencing power outages.

HB4973 amends the Public Utilities Act by adding a section that requires electric utilities to provide bill credits to customers for service interruptions. For residential customers, the credit is based on the duration of the outage, with varying amounts for different time ranges. Nonresidential customers receive credits based on a formula set by the commission. The commission must adjust these credits every five years based on changes in the Consumer Price Index. The bill also includes provisions for rounding and carrying forward unused credits.