Legislation Regulating Utility Rates Introduced

Apr 12, 2024

by Liz Gullett

As MLC’s Communications and Social Media Manager, Liz Gullett keeps clients informed and up-to-date on the goings on in Lansing and the Capitol.

Senator Jim Runestad (R-White Lake) introduced legislation requiring utility companies to adhere to actual cost data instead of anecdotal future projections when seeking rate increase approval from the Michigan Public Service Commission (MPSC).

Key Points:

    • When a utility provider seeks a rate increase, it files an application with the MPSC, including a list of all costs and revenues over a 12-month period.
    • Utilities can utilize a future test year based on projected costs and revenues.
    • Under SB 812, utility companies would have to rely on actual costs when requesting approval from the MPSC instead of future projections.
    • According to data from the U.S. Energy Information Administration, Michigan’s residential utility customers pay the 11thhighest electricity rates in the nation.

Next Step:

    • The bill was referred to the Senate Energy and Environment Committee for consideration.

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

Recent Posts

Department Director Appointed

Department Director Appointed

Dr. Beverly Walker-Griffea was appointed the director of the Department of Lifelong Education, Advancement, and Potential (MiLEAP). She is taking on the role from acting director Michelle Richard, who will stay in the department in a leadership role. The appointment...

Governor Signs Mental Health Insurance Coverage

Governor Signs Mental Health Insurance Coverage

Bipartisan legislation requiring insurers to cover treatments for mental health and substance use disorder at the same level as physical health services was signed into law by Governor Whitmer. Key Points: The legislation was sponsored by Senator Sarah Anthony...

Changes to Renaissance Zones Signed Into Law

Changes to Renaissance Zones Signed Into Law

Governor Gretchen Whitmer signed bipartisan legislation to streamline Renaissance Zones, a state program that incentivizes job growth and investment in areas of the state that need more of both. This change aims to cut red tape and incentivize more businesses...

Looking for older articles?

We’ve recently made improvements to our blog to provide a better user experience. If you’re searching for older posts, click here to search our archive.

Michigan Legislative Consultants
110 W. Michigan Avenue
Suite 500
Lansing, MI 48933
517.372.0130 fax

1001 Woodward Avenue
Suite 500
Detroit, MI 48226

MLC is proud to be the Michigan member of NASL