The bill amends the Clean and Renewable Energy and Energy Waste Reduction Act by updating sections 29 and 51 to strengthen the framework for renewable energy credits and clean energy standards in Michigan. Key provisions include the requirement that renewable energy systems be located within the state or outside if they meet resource adequacy obligations. It also allows electric customers to report renewable energy credits to their providers, which must be applied to their share of the renewable energy credit portfolio requirement. Additionally, electric customers are mandated to provide annual updates on their renewable energy credit forecasts, and the bill outlines conditions under which electric providers can grant compliance extensions for clean energy standards.

Moreover, the bill establishes a clean energy standard that requires electric providers to achieve an 80% clean energy portfolio by 2039 and 100% by 2040, detailing the submission process for clean energy plans and public comment. It allows for deadline extensions under certain conditions and includes provisions for municipally owned electric utilities to jointly file clean energy plans. Notably, it permits investor-owned utilities serving specific customers to exclude certain electricity sales from clean energy standard calculations until 2045, contingent on sufficient renewable energy credits. The bill also removes several provisions related to electric generation and demand in the Upper Peninsula, aiming to streamline the regulatory framework and shift focus towards broader clean energy strategies in the region.

Statutes affected:
Senate Introduced Bill: 460.1029, 460.1051