Introduced
by
To allow existing electric utilities, but not new electricity market entrants, to "securitize" the cost of acquiring equipment needed to comply with environmental, power reserve margin, and other regulations. This allows the existing companies (DTE or Consumers Power in most places), but not the new market entrants, to pass on these costs to all customers, including those who buy power from an alternative electric generating company. See also <a href="http://www.michiganvotes.org/2004-SB-1331">Senate Bill 1331</a>, and <a href="http://www.michiganvotes.org/2004-SB-1332">Senate Bill 1332</a>, which increases the power reserve margin requirements for new market entrants.
Referred to the Committee on Technology and Energy
