Public utilities: electric utilities; approval of sale, assignment, transfer, or encumbrance of utility assets; modify factors. Amends sec. 6q of 1939 PA 3 (MCL 460.6q).

Summary

The bill adds rules that any electric utility regulated by the Michigan Public Service Commission must get commission approval before selling, merging, transferring, or encumbering its assets. It sets a filing process, a public comment period, and criteria the commission must weigh, such as impacts on rates and reliability. The goal is to protect customers and keep utilities financially sound.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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