This bill amends the 1939 Public Act 3, which regulates public and private utilities in Michigan, by introducing new definitions and clarifications related to advanced nuclear reactor technologies and electric vehicle charging services. Notably, it defines "advanced nuclear reactor technologies" and outlines the criteria for existing electricity-generating facilities that benefit from specific research and development programs. The bill also updates various terms, such as "assignee," "commission," and "electric utility," to reflect current standards and practices in the energy sector.

Additionally, the bill modifies the language surrounding securitization charges, specifying that these charges must be collected by electric utilities or their successors as outlined in a financing order. The amendments aim to enhance the regulatory framework for energy providers, promote the use of advanced nuclear technologies, and ensure that electric vehicle charging services are adequately defined and regulated. The enactment of this bill is contingent upon the passage of several related bills in the 103rd Legislature.

Statutes affected:
House Introduced Bill: 460.10
As Passed by the House: 460.10