Bill Text: MI HB5008 | 2011-2012 | 96th Legislature | Introduced
Bill Title: Public utilities; public service commission; low-income and energy efficiency fund; create. Creates new act.
Spectrum: Partisan Bill (Democrat 16-0)
Status: (Introduced - Dead) 2011-12-07 - Motion To Discharge Committee Postponed For Day [HB5008 Detail]
Download: Michigan-2011-HB5008-Introduced.html
HOUSE BILL No. 5008
September 27, 2011, Introduced by Reps. Lipton, Bledsoe, Tlaib, Hovey-Wright, Brown, Slavens, Kandrevas, Talabi, Jackson, Darany, Santana, Durhal, Stallworth, Howze and Oakes and referred to the Committee on Energy and Technology.
A bill to prescribe the powers and duties of certain state
agencies and officials; to authorize certain charges to be included
in electric and natural gas utility rates; and to create a fund.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 1. This act shall be known and may be cited as the "low-
income and energy efficiency act".
Sec. 3. As used in this act:
(a) "Commission" means the Michigan public service commission.
(b) "Electric utility" means that term as defined in section 2
of the electric transmission line certification act, 1995 PA 30,
MCL 460.562.
(c) "Fund" means the low-income and energy efficiency fund
created in section 5.
(d) "Low-income and energy efficiency funding factor" means a
charge to customers of an electric utility or natural gas utility
to help fund the low-income and energy efficiency fund.
(e) "Natural gas utility" means that term as defined in
section 9 of 1939 PA 3, MCL 460.9.
Sec. 5. (1) The low-income and energy efficiency fund is
created within the state treasury.
(2) The state treasurer may receive money or other assets from
any source for deposit into the fund. The state treasurer shall
direct the investment of the fund. The state treasurer shall credit
to the fund interest and earnings from fund investments.
(3) Money in the fund at the close of the fiscal year shall
remain in the fund and shall not lapse to the general fund.
(4) The commission shall be the administrator of the fund for
auditing purposes.
(5) The commission shall expend money from the fund, upon
appropriation, only for 1 or more of the following purposes:
(a) To provide shut-off and other protection for low-income
customers.
(b) To promote energy efficiency by all customer classes.
Sec. 7. The commission may include a low-income and energy
efficiency funding factor in an electric utility's or natural gas
utility's base rates.
Enacting section 1. This act is retroactive and is effective
October 6, 2008.