Energy: alternative sources; bidding requirements; update. Amends sec. 28 of 2008 PA 295 (MCL 460.1028).

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Plain-English Summary

This bill amends the Clean and Renewable Energy and Energy Waste Reduction Act to increase the required renewable energy credit portfolio for electric providers in Michigan. It sets new targets, requiring 50% renewable energy credits by 2030 and 60% by 2035. The bill also outlines how these credits are calculated and allows for certain exceptions for cooperative and multi-state electric providers, while also providing financial incentives for regulated electric providers that enter into contracts for renewable energy resources.

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R · PrimeMike Hoadley

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