by Charles M. Denton & Lydia Barbash-Riley, Barnes & Thornburg LLP
Significant Michigan energy legislation will become effective April 20, 2017, after Governor Rick Snyder signed Public Acts 341 and 342 into law in late December. Many years of heated discussions, legislative drafting and re-drafting, negotiations among the various stakeholders, and other activities resulted in this comprehensive new Michigan energy legislation, totaling almost 250 pages of text. The energy policy overhaul establishes a new long-term planning process for traditional utilities as they aim to retire power plants and consider replacements for coal; increases renewable energy portfolio and efficiency expectations; addresses the Michigan Public Service Commission (MPSC) contested case procedures; and retains much of Michigan’s electric choice program.
Some of the key changes and compromises accomplished by this legislation are highlighted.Read Full Article