Public utilities: rates; use of actual cost for setting utility rates; require. Amends sec. 6a of 1939 PA 3 (MCL 460.6a).

Summary

The bill changes the existing statute on public utility rates, mandating that rates be determined using the utilities' actual costs. It would affect public utilities and their customers by tying pricing more directly to cost data. The change aims to promote transparency and fairness in rate setting.

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