Michigan HB6124 updates bidding requirements for renewable energy resources and energy storage systems.
Michigan HB6124 amends the Michigan Public Service Commission's bidding requirements for renewable energy resources and energy storage systems. The bill mandates that if the commission enters into a purchase power agreement for renewable energy resources or a third-party contract for an energy storage system with a non-affiliate entity, the commission must authorize an annual financial incentive for the electric provider. The incentive is calculated based on the contract payments and the electric provider's pre-tax weighted average cost of permanent capital.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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