The bill amends the existing law governing the regulation and control of public utilities in Michigan, specifically focusing on the acquisition, control, or merger of jurisdictional regulated utilities. It establishes that no person or utility may engage in these activities without first obtaining approval from the Michigan Public Service Commission. The bill outlines the necessary application process, which includes providing detailed information about the proposed transaction, such as its terms, projected impacts on rates and services, and relevant financial statements. Additionally, it introduces a provision granting counties the right of first refusal to purchase hydroelectric facilities for $1.00 before any sale or transfer can occur.

Key changes in the bill include the requirement for the commission to define what constitutes acquisition or transfer activities, the establishment of procedures for the application process, and the imposition of conditions to protect both the utility and its customers during such transactions. The bill also clarifies that nonpublic information submitted by utilities is exempt from disclosure under the Freedom of Information Act, and it reaffirms the authority of the attorney general to enforce antitrust laws. Overall, the amendments aim to enhance regulatory oversight and protect public interests in the energy sector.

Statutes affected:
House Introduced Bill: 460.6