Bill Text: MI HB5119 | 2023-2024 | 102nd Legislature | Introduced
Bill Title: Energy: conservation and efficiency; credits for property assessed clean energy projects on residential property; grant to utility. Amends sec. 83 of 2008 PA 295 (MCL 460.1083). TIE BAR WITH: HB 5118'23
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2023-10-11 - Bill Electronically Reproduced 10/10/2023 [HB5119 Detail]
Download: Michigan-2023-HB5119-Introduced.html
HOUSE BILL NO. 5119
A bill to amend 2008 PA 295, entitled
"Clean and renewable energy and energy waste reduction act,"
by amending section 83 (MCL 460.1083), as amended by 2016 PA 342.
the people of the state of michigan enact:
Sec. 83. (1) One energy waste reduction credit shall be granted to a provider for each megawatt hour of annual incremental energy savings achieved through energy waste reduction. Except as provided in section 27 of the property assessed clean energy act, 2010 PA 270, MCL 460.957, the energy waste reduction credit shall be granted to the provider.
(2) An energy waste reduction credit expires as follows:
(a) When used by a provider to comply with its energy waste reduction standard.
(b) When substituted for a renewable energy credit under section 28.
(c) As provided in subsection (3).
(3) If a provider's incremental energy savings in any year exceed the applicable energy waste reduction standard, the associated energy waste reduction credits may be carried forward and applied to the next year's energy waste reduction standard. However, all of the following apply:
(a) The number of energy waste reduction credits carried forward shall not exceed 1/3 of the next year's standard. Any energy waste reduction credits carried forward to the next year shall expire at the end of that year. Any remaining energy waste reduction credits shall expire at the end of the year in which the incremental energy savings were achieved, unless substituted, by an electric provider, for renewable energy credits under section 28.
(b) Energy waste reduction credits shall not be carried forward by a provider if, for its performance during the same year, the provider accepts a financial incentive under section 75. The excess energy waste reduction credits shall expire at the end of the year in which the incremental energy savings were achieved, unless substituted, by an electric provider, for renewable energy credits under section 28.
Enacting section 1. This amendatory act does not take effect unless Senate Bill No.____ or House Bill No. 5118 (request no. 02420'23) of the 102nd Legislature is enacted into law.
