Public utilities: rates; return on equity rates; limit. Amends sec. 6a of 1939 PA 3 (MCL 460.6a).

Summary

HB 6095 proposes changing the existing statute that governs public utility rates by adding a cap on the profit rate utilities can earn on their equity. The change would affect utility companies and the customers they serve, potentially altering how much utilities can charge. It aims to control utility earnings while maintaining service reliability.

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