Michigan HB4976 amends utility rate regulation to prevent electric utilities from reclaiming service outage credits.

Michigan HB4976 amends the Public Utilities Commission's authority over utility rates and charges. It prohibits electric utilities from reclaiming revenue they were required to pay in service outage credits. The bill also outlines procedures for rate adjustments, hearings, and the consideration of alternative methodologies for revenue decoupling mechanisms. It ensures that any rate increases or decreases must be approved by the commission and provides mechanisms for partial and immediate rate relief.

Michigan HB4976 amends utility rate regulation to prevent electric utilities from reclaiming service outage credits.

Michigan HB4976 amends the Public Utilities Commission's authority over utility rates and charges. It prohibits electric utilities from reclaiming revenue they were required to pay in service outage credits. The bill also outlines procedures for rate adjustments, hearings, and the consideration of alternative methodologies for revenue decoupling mechanisms. It ensures that any rate increases or decreases must be approved by the commission and provides mechanisms for partial and immediate rate relief.