Same As
Requires BPU to determine and consider lowest reasonable return on equity before approving electric, gas, and water public utility base rate cases.
Directs the public utilities commission to establish a standardized framework for determining authorized common equity ratios and authorized rates of returns on equity for public utilities.
Directs the public utilities commission to establish a standardized framework for determining authorized common equity ratios and authorized rates of returns on equity for public utilities.
Requires electric public utilities and gas public utilities to implement or maintain public utility warranty programs that cover full cost to repair or replace covered appliances.
Requires BPU to prohibit electric and gas public utilities from charging residential customers certain types of payments based on certain billing practices.
Drains: appeals; period to appeal apportionment or assessment costs on drain projects; modify. Amends secs. 72 & 72a of 1956 PA 40 (MCL 280.72 & 280.72a).