Michigan SB0916 updates bidding requirements for renewable energy and capacity in Michigan.

Michigan SB0916 amends the state's renewable energy bidding requirements, setting specific renewable energy credit portfolio goals for electric providers. The bill mandates that electric providers achieve a renewable energy credit portfolio of at least 15% through 2029, 50% from 2030 through 2034, and 60% in 2035 and each year thereafter. It also outlines how these credits should be calculated and the conditions under which financial incentives can be authorized.

Michigan SB0916 updates bidding requirements for renewable energy and capacity in Michigan.

Michigan SB0916 amends the state's renewable energy bidding requirements, setting specific renewable energy credit portfolio goals for electric providers. The bill mandates that electric providers achieve a renewable energy credit portfolio of at least 15% through 2029, 50% from 2030 through 2034, and 60% in 2035 and each year thereafter. It also outlines how these credits should be calculated and the conditions under which financial incentives can be authorized.