Proposals to Further Regulate Michigan’s Electricity Market: An Assessment
More than a dozen bills are pending in the Michigan Legislature to expand regulation of the electricity industry and to impose new environmental requirements on energy production and sales. As a group, these legislative proposals assume the necessity of government intervention in the production and distribution of energy. This report details the drawbacks for consumers and the economy of substituting political forces for market forces in electricity service.
Contents
- Executive Summary
- Introduction
- Michigan's Electricity Market
- Partial Deregulation: Public Acts 141 and 142 of 2000
- Results of P.A. 141 and P.A. 142
- “Remonopolization”: Ending Partial Deregulation
- Renewable Portfolio Standard
- Summary
- Appendix A: Synopses of Recently Introduced Energy Legislation
- Appendix B: Nonincumbent Energy Suppliers
- About the Authors
- Endnotes
