Michigan HB6095 amends utility rate regulations, limiting return on equity rates and setting procedures for rate adjustments.

Michigan HB6095 amends the Public Utilities Commission's authority over utility rates, specifically limiting the return on equity for electric and natural gas utilities to 8.2%. The bill mandates that any rate increases or adjustments must be approved by the commission and requires utilities to coordinate with the commission before filing rate case applications. It also sets timelines for the commission to review and act on rate applications, with specific provisions for partial and immediate rate relief for gas utilities.

Michigan HB6095 amends utility rate regulations, limiting return on equity rates and setting procedures for rate adjustments.

Michigan HB6095 amends the Public Utilities Commission's authority over utility rates, specifically limiting the return on equity for electric and natural gas utilities to 8.2%. The bill mandates that any rate increases or adjustments must be approved by the commission and requires utilities to coordinate with the commission before filing rate case applications. It also sets timelines for the commission to review and act on rate applications, with specific provisions for partial and immediate rate relief for gas utilities.