Introduced
by
To require all electric power providers to maintain a minimum annual 15 percent power reserve margin, impose certain reliability and financial adequacy standards, and more. Under current law, the Michigan Public Service Commission has the authority to determine a "reasonable" reserve margin, and new entrants to the electricity supply market (which tend to be smaller companies) have lower margin requirements than existing utilities. See also <a href="http://www.michiganvotes.org/2004-SB-1335"> Senate Bill 1335</a>, which allows existing suppliers (but not new ones) to pass on the cost of acquiring the 15 percent margin to the customers of new suppliers.
Referred to the Committee on Technology and Energy
