Michigan SB0587 amends public utility rate regulations, requiring the Michigan Public Service Commission to issue a report before approving a rate.

Michigan SB0587 amends the Public Utilities Act to modify the process for approving rate increases by public utilities. The bill requires the Michigan Public Service Commission to issue a report before approving a rate increase. This report must detail the proposed rate increase, its justification, and its anticipated impact on customers. The commission must also consider the aggregate revenues from revenue decoupling mechanisms, financial incentives, and shared savings mechanisms related to energy waste reduction and conservation.

Michigan SB0587 amends public utility rate regulations, requiring the Michigan Public Service Commission to issue a report before approving a rate.

Michigan SB0587 amends the Public Utilities Act to modify the process for approving rate increases by public utilities. The bill requires the Michigan Public Service Commission to issue a report before approving a rate increase. This report must detail the proposed rate increase, its justification, and its anticipated impact on customers. The commission must also consider the aggregate revenues from revenue decoupling mechanisms, financial incentives, and shared savings mechanisms related to energy waste reduction and conservation.