Michigan HB6094 prohibits electric and natural gas utilities from recovering certain costs through rates.

Michigan HB6094 amends the Public Utilities Act to prohibit electric and natural gas utilities from recovering through rates costs associated with board compensation, tax penalties, travel expenses, entertainment, investor relations, advertising, lobbying, and charitable contributions. If the Public Service Commission finds a utility improperly recovered such costs, it must order a refund to customers, with interest, and impose fines. Fines must be deposited in the low-income energy assistance fund.

Michigan HB6094 prohibits electric and natural gas utilities from recovering certain costs through rates.

Michigan HB6094 amends the Public Utilities Act to prohibit electric and natural gas utilities from recovering through rates costs associated with board compensation, tax penalties, travel expenses, entertainment, investor relations, advertising, lobbying, and charitable contributions. If the Public Service Commission finds a utility improperly recovered such costs, it must order a refund to customers, with interest, and impose fines. Fines must be deposited in the low-income energy assistance fund.