Bill
Bill > SB0627
MI SB0627
MI SB0627Public utilities: electric utilities; approval of sale, assignment, transfer, or encumbrance of utility assets; modify factors. Amends sec. 6q of 1939 PA 3 (MCL 460.6q).
summary
Introduced
10/30/2025
10/30/2025
In Committee
10/30/2025
10/30/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1939 PA 3, entitled"An act to provide for the regulation and control of public and certain private utilities and other services affected with a public interest within this state; to provide for alternative energy suppliers and certain providers of electric vehicle charging services; to provide for licensing; to include municipally owned utilities and other providers of energy under certain provisions of this act; to create a public service commission and to prescribe and define its powers and duties; to abolish the Michigan public utilities commission and to confer the powers and duties vested by law on the public service commission; to provide for the powers and duties of certain state governmental officers and entities; to provide for the continuance, transfer, and completion of certain matters and proceedings; to abolish automatic adjustment clauses; to prohibit certain rate increases without notice and hearing; to qualify residential energy conservation programs permitted under state law for certain federal exemption; to create a fund; to encourage the utilization of resource recovery facilities; to prohibit certain acts and practices of providers of energy; to allow for the securitization of stranded costs; to reduce rates; to provide for appeals; to provide appropriations; to declare the effect and purpose of this act; to prescribe remedies and penalties; and to repeal acts and parts of acts,"by amending section 6q (MCL 460.6q), as added by 2008 PA 286.
AI Summary
This bill amends Michigan's utility regulation law to modify the process and criteria for approving the sale, transfer, or merger of electric utility assets. The bill requires any person or utility seeking to acquire, control, merge with, or transfer the assets of a regulated utility to first obtain approval from the Michigan Public Service Commission (MPSC). The application must include detailed information such as transaction terms, financial statements, and projected impacts on rates and electric service. The MPSC must review the application within 180 days and can approve or reject the proposed transaction based on several factors, including potential impacts on customer rates, service reliability, and public interest. A significant new provision specifically addresses hydroelectric facility transfers, requiring the acquiring entity to demonstrate financial ability to maintain the facility, cover potential damages, and handle decommissioning costs. The bill also allows the MPSC to impose reasonable terms and conditions on the transaction and protects confidential information submitted during the review process. Importantly, utilities can choose to reject the commission's imposed conditions and withdraw from the proposed transaction. The bill uses precise language to clarify procedural requirements and update existing utility regulation statutes.
Committee Categories
Agriculture and Natural Resources
Sponsors (4)
Last Action
Referred To Committee On Energy And Environment (on 10/30/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0627 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2025-SIB-0627.htm |
Loading...