Michigan SB0588 modifies electric utility regulations, setting a cap on electric choice and establishing licensing procedures for alternative.

Michigan SB0588 amends the Public Utilities Act to modify regulations for electric utilities and alternative electric suppliers. The bill sets a cap on the percentage of an electric utility's average weather-adjusted retail sales that can be served by alternative electric suppliers, initially at 10%. The Michigan Public Service Commission is tasked with issuing orders to establish licensing procedures for alternative electric suppliers, ensuring they maintain an office within the state and meet financial and managerial requirements.

Michigan SB0588 modifies electric utility regulations, setting a cap on electric choice and establishing licensing procedures for alternative.

Michigan SB0588 amends the Public Utilities Act to modify regulations for electric utilities and alternative electric suppliers. The bill sets a cap on the percentage of an electric utility's average weather-adjusted retail sales that can be served by alternative electric suppliers, initially at 10%. The Michigan Public Service Commission is tasked with issuing orders to establish licensing procedures for alternative electric suppliers, ensuring they maintain an office within the state and meet financial and managerial requirements.