Michigan SB1173 regulates electric utilities' rate adjustments and service outage credits.
Michigan SB1173 mandates that electric utilities cannot reclaim revenue from service outage credits in their rate applications. It outlines procedures for rate adjustments, including the requirement for utilities to coordinate with the Michigan Public Service Commission (MPSC) before filing rate case applications. The bill also specifies conditions for merchant plants to recover costs exceeding contractual payments and sets a monthly limit of $1,000,000 for such recoveries.
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