The Michigan Public Service Commission proposed a funding factor of $0.91 per meter, per month for the new Low-Income Energy Assistance Fund. The Commission also directed electric utilities, municipally-owned electric utilities, and cooperative electric utilities to file information by July 24, 2013, showing either the number of retail billing meters the utility serves that are subject to the Low-Income Energy Assistance Factor, or a notice that the utility intends to opt out of collecting the funding factor. Comments on the proposed funding factor must be received at the Commission no later than July 24, 2013.
The funding factor is a “nonbypassable” surcharge to be added to each retail billing meter (but no more than one residential meter per residential site). Every customer receiving retail distribution service from an electric utility, regardless of the customer’s electric generation supplier, must pay the funding factor monthly. The funding factor must be the same across all customer classes; appear on a separate line item on each customer’s bill; and may not exceed $1.
See the ORDER AND NOTICE OF OPPORTUNITY TO COMMENT here.
Download our free white paper on Net Metering and Competitive Choice via the button below.
