reglab/housing_qa huggingface dataset:
MI Comp L § 460.10b (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10b - Rates, Terms, and Conditions of New Technologies; Application to Unbundle Existing Rate Schedules; Providing Reliable and Lower Cost Competitive Rates; Standby Generation Service; Identification of Retail Market Prices.

460.10b Rates, terms, and conditions of new technologies; application to unbundle existing rate schedules; providing reliable and lower cost competitive rates; standby generation service; identification of retail market prices.Sec. 10b.  (1) The commission shall establish rates, terms, and conditions of electric service that promote and enhance the development of new generation, transmission, and distribution technologies.  (2) No later than 1 year from June 5, 2000, each electric utility shall file an application with the commission to unbundle its existing commercial and industrial rate schedules and separately identify and charge for their discrete services. No earlier than 1 year from June 5, 2000, the commission may order the electric utility to file an application to unbundle existing residential rate schedules. The commission may allow the unbundled rates to be expressed on residential billings in terms of percentages in order to simplify residential billing. The commission shall allow recovery by electric utilities of all just and reasonable costs incurred by electric utilities to implement and administer the provisions of this subsection.  (3) The orders issued under this act shall include, but are not limited to, the providing of reliable and lower cost competitive rates for all customers in this state.  (4) An electric utility is obligated, with commission oversight, to provide standby generation service for open access load on a best efforts basis until December 31, 2001 or the date established under section 10d(2) as it existed prior to the effective date of the amendatory act that added this sentence, whichever is later. The pricing for the electric generation standby service is equal to the retail market price of comparable standby service allowed under subsection (5). An electric utility is not required to interrupt firm off-system sales or firm service customers to provide standby generation service. Until the date established under section 10d(2) as it existed prior to the effective date of the amendatory act that added this sentence, standby generation service shall continue to be provided to nonopen access customers under regulated tariffs.  (5) The methodology for identifying the retail market price for electric generation service to be applied under this section shall be determined by the commission based upon market indices commonly relied upon in the electric generation industry, adjusted as appropriate to reflect retail market prices in the relevant market. History: Add. 2000, Act 141, Imd. Eff. June 5, 2000 ;-- Am. 2008, Act 286, Imd. Eff. Oct. 6, 2008 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10e (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10e - Connection of Merchant Plants to Transmission and Distribution Systems; Finding of Prevention or Delay; Remedies; Merchant Plant; Standards; Exception.

460.10e Connection of merchant plants to transmission and distribution systems; finding of prevention or delay; remedies; merchant plant; standards; exception. Sec. 10e.  (1) An electric utility shall take all necessary steps to ensure that merchant plants are connected to the transmission and distribution systems within their operational control. If the commission finds, after notice and hearing, that an electric utility has prevented or unduly delayed the ability of the plant to connect to the facilities of the utility, the commission shall order remedies designed to make whole the merchant plant, including, but not limited to, reasonable attorney fees. The commission may also order fines of not more than $50,000.00 per day that the electric utility is in violation of this subsection.  (2) A merchant plant may sell its capacity to alternative electric suppliers, electric utilities, municipal electric utilities, retail customers, or other persons. A merchant plant making sales to retail customers is an alternative electric supplier and shall obtain a license under section 10a(2).  (3) The commission shall establish standards for the interconnection of merchant plants with the transmission and distribution systems of electric utilities. The standards shall not require an electric utility to interconnect with generating facilities with a capacity of less than 100 kilowatts for parallel operations. The standards shall be consistent with generally accepted industry practices and guidelines and shall be established to ensure the reliability of electric service and the safety of customers, utility employees, and the general public. The merchant plant will be responsible for all costs associated with the interconnection unless the commission has otherwise allocated the costs and provided for cost recovery.  (4) This section does not apply to interconnections or transactions that are subject to the jurisdiction of the federal energy regulatory commission. History: Add. 2000, Act 141, Imd. Eff. June 5, 2000 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10g (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10g - Definitions; School Properties.

460.10g Definitions; school properties.Sec. 10g.  (1) As used in sections 10 through 10bb:  (a) "Alternative electric supplier" means a person selling electric generation service to retail customers in this state. Alternative electric supplier does not include a person who physically delivers electricity directly to retail customers in this state. An alternative electric supplier is not a public utility.  (b) "Commission" means the Michigan public service commission created in section 1.  (c) "Electric utility" means that term as defined in section 2 of the electric transmission line certification act, 1995 PA 30, MCL 460.562.  (d) "Independent transmission owner" means an independent transmission company as that term is defined in section 2 of the electric transmission line certification act, 1995 PA 30, MCL 460.562.  (e) "Merchant plant" means electric generating equipment and associated facilities with a capacity of more than 100 kilowatts located in this state that are not owned and operated by an electric utility.  (f) "Relevant market" means either the Upper Peninsula or the Lower Peninsula of this state.  (g) "Renewable energy source" means energy generated by solar, wind, geothermal, biomass, including waste-to-energy and landfill gas, or hydroelectric.  (2) A school district aggregating electricity for school properties or an exclusive aggregator for public or private school properties is not an electric utility or a public utility for the purpose of that aggregation. History: Add. 2000, Act 141, Imd. Eff. June 5, 2000 ;-- Am. 2001, Act 48, Imd. Eff. July 23, 2001 ;-- Am. 2008, Act 286, Imd. Eff. Oct. 6, 2008 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10h (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10h - Definitions.

460.10h Definitions. Sec. 10h.  As used in this act:  (a) "Assignee" means an individual, corporation, or other legally recognized entity to which an interest in securitization property is transferred.  (b) "Commission" means the Michigan public service commission in the department of consumer and industry services.  (c) "Electric utility" means that term as defined in section 2 of the electric transmission line certification act, 1995 PA 30, MCL 460.562.  (d) "Financing order" means an order of the commission approving the issuance of securitization bonds and the creation of securitization charges and any corresponding utility rate reductions.  (e) "Financing party" means a holder of securitization bonds, including trustees, collateral agents, and other persons acting for the benefit of the holder.  (f) "Nonbypassable charge" means a charge in a financing order payable by a customer to an electric utility or its assignees or successors regardless of the identity of the customer's electric generation supplier.  (g) "Qualified costs" means an electric utility's regulatory assets as determined by the commission, adjusted by the applicable portion of related investment tax credits, plus any costs that the commission determines that the electric utility would be unlikely to collect in a competitive market, including, but not limited to, retail open access implementation costs and the costs of a commission approved restructuring, buyout or buy-down of a power purchase contract, together with the costs of issuing, supporting, and servicing securitization bonds and any costs of retiring and refunding the electric utility's existing debt and equity securities in connection with the issuance of securitization bonds. Qualified costs include taxes related to the recovery of securitization charges.  (h) "Securitization bonds" means bonds, debentures, notes, certificates of participation, certificates of a beneficial interest, certificates of ownership, or other evidences of indebtedness that are issued by an electric utility, its successors, or an assignee under a financing order, that have a term of not more than 15 years, and that are secured by or payable from securitization property. If certificates of participation, certificates of beneficial interest, or certificates of ownership are issued, references in this act to principal, interest, or premium shall refer to comparable amounts under those certificates.  (i) "Securitization charges" means nonbypassable amounts to be charged for the use or availability of electric services, approved by the commission under a financing order to fully recover qualified costs, that shall be collected by an electric utility, its successors, an assignee, or other collection agents as provided for in the financing order.  (j) "Securitization property" means the property described in section 10j. History: Add. 2000, Act 142, Imd. Eff. June 5, 2000 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10j (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10j - Securitization Property; Rights and Interests.

460.10j Securitization property; rights and interests. Sec. 10j.  (1) Securitization property shall consist of the rights and interests of an electric utility, or its successor, under a financing order, including without limitation all of the following:  (a) The right to impose, collect, and receive securitization charges authorized in the financing order in an amount necessary to provide the full recovery of all qualified costs.  (b) The right under the financing order to obtain periodic adjustments of securitization charges under section 10k(3).  (c) All revenue, collections, payments, money, and proceeds arising out of the rights and interests described under this subsection.  (2) Securitization property shall constitute a present property right even though the imposition and collection of securitization charges depends on the further acts of the electric utility or others that have not yet occurred. The rights of an electric utility to securitization property before its sale to any assignee shall be considered a property interest in a contract. The financing order shall remain in effect and the securitization property shall continue to exist until the commission approved securitization bonds and expenses related to the bonds have been paid in full. History: Add. 2000, Act 142, Imd. Eff. June 5, 2000 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10k (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10k - Financing Order; Effect in Connection With Bankruptcy.

460.10k Financing order; effect in connection with bankruptcy. Sec. 10k.  (1) The interest of an assignee or pledgee in securitization property and in the revenues and collections arising from that property are not subject to setoff, counterclaim, surcharge, or defense by the electric utility or any other person or in connection with the bankruptcy of the electric utility or any other entity. A financing order shall remain in effect and unabated notwithstanding the bankruptcy of the electric utility, its successors, or assignees.  (2) A financing order shall include terms ensuring that the imposition and collection of securitization charges authorized in the order are a nonbypassable charge.  (3) A financing order shall include a mechanism requiring that securitization charges be reviewed and adjusted by the commission at least annually, within 45 days of the anniversary date of the issuance of the securitization bonds, to correct any overcollections or undercollections of the preceding 12 months and to ensure the expected recovery of amounts sufficient to timely provide all payments of debt service and other required amounts and charges in connection with the securitization bonds. History: Add. 2000, Act 142, Imd. Eff. June 5, 2000 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10l (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10l - Agreement to Transfer Securitization Property as True Sale.

460.10l Agreement to transfer securitization property as true sale. Sec. 10l.  (1) An agreement by an electric utility or assignee to transfer securitization property that expressly states that the transfer is a sale or other absolute transfer signifies that the transaction is a true sale and is not a secured transaction and that title, legal and equitable, has passed to the entity to which the securitization property is transferred.  (2) A true sale under this section applies regardless of whether the purchaser has any recourse against the seller, or any other term of the parties' agreement, including the seller's retention of an equity interest in the securitization property, the fact that the electric utility acts as a collector of securitization charges relating to the securitization property, or the treatment of the transfer as a financing for tax, financial reporting, or other purposes. History: Add. 2000, Act 142, Imd. Eff. June 5, 2000 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10n (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10n - Securitization Bonds; State Pledge of Certain Conduct.

460.10n Securitization bonds; state pledge of certain conduct. Sec. 10n.  (1) Securitization bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power.  (2) The state pledges, for the benefit and protection of the financing parties and the electric utility, that it will not take or permit any action that would impair the value of securitization property, reduce or alter, except as allowed under section 10k(3), or impair the securitization charges to be imposed, collected, and remitted to financing parties, until the principal, interest and premium, and any other charges incurred and contracts to be performed in connection with the related securitization bonds have been paid and performed in full. Any party issuing securitization bonds is authorized to include this pledge in any documentation relating to those bonds. History: Add. 2000, Act 142, Imd. Eff. June 5, 2000 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10o (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10o - Securitization Bond; Direct Interest in Acquisition, Ownership, and Disposition Not Used in Determining Tax; Obligations of Electric Utility Successor; Assignee or Financing Party as Public Utility.

460.10o Securitization bond; direct interest in acquisition, ownership, and disposition not used in determining tax; obligations of electric utility successor; assignee or financing party as public utility.Sec. 10o.  (1) The acquisition, ownership, and disposition of any direct interest in any securitization bond shall not be taken into account in determining whether a person is subject to any income tax, franchise tax, business activities tax, intangible property tax, excise tax, stamp tax, or any other tax imposed by this state or any agency or political subdivision of this state.  (2) Any successor to an electric utility, whether pursuant to any bankruptcy, reorganization, or other insolvency proceeding or pursuant to any merger or acquisition, sale or transfer, by operation of law, as a result of electric utility restructuring or otherwise, shall perform and satisfy all obligations of the electric utility under the amendatory act that added this section in the same manner and to the same extent as the electric utility, including, but not limited to, collecting and paying to the person entitled to revenues with respect to the securitization property.  (3) An assignee or financing party shall not be considered to be a public utility or person providing electric service solely by virtue of the transactions described in this act. History: Add. 2000, Act 142, Imd. Eff. June 5, 2000 ;-- Am. 2007, Act 180, Imd. Eff. Dec. 21, 2007 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10q (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10q - Alternative Electric Supplier; License Requirements.

460.10q Alternative electric supplier; license requirements. Sec. 10q.  (1) A person shall not engage in the business of an alternative electric supplier in this state unless the person obtains and maintains a license issued under section 10a.  (2) In addition to any other information required by the commission in connection with a licensing application, the applicant shall be required to do both of the following:  (a) Provide information, including information as to the applicant's safety record and its history of service quality and reliability, as to the applicant's technical ability, as defined under regulations of the commission, to safely and reliably generate or otherwise obtain and deliver electricity and provide any other proposed services.  (b) Demonstrate that the employees of the applicant that will be installing, operating, and maintaining generation or transmission facilities within this state, or any entity with which the applicant has contracted to perform those functions within this state, have the requisite knowledge, skills, and competence to perform those functions in a safe and responsible manner in order to provide safe and reliable service.  (3) The commission shall order the applicant to post a bond or provide a letter of credit or other financial guarantee in a reasonable amount established by the commission of not less than $40,000.00, if the commission finds after an investigation and review that the requirement of a bond would be in the public interest.  (4) Only investor-owned, cooperative, or municipal electric utilities shall own, construct, or operate electric distribution facilities or electric meter equipment used in the distribution of electricity in this state. This subsection does not prohibit a self-service power provider from owning, constructing, or operating electric distribution facilities or electric metering equipment for the sole purpose of providing or utilizing self-service power. This act does not affect the current rights, if any, of a nonutility to construct or operate a private distribution system on private property or private easements. This does not preclude crossing of public rights-of-way.  (5) The commission shall not prohibit an electric utility from metering and billing its customers for services provided by the electric utility. History: Add. 2000, Act 141, Imd. Eff. June 5, 2000 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10s (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10s - Low-Income and Energy Assistance Programs; Availability of Federal Funds.

460.10s Low-income and energy assistance programs; availability of federal funds. Sec. 10s.  The commission shall monitor the extent to which federal funds are available for low-income and energy assistance programs. If there is a reduction in the amount of the federal funds available to residents in this state, the commission shall conduct a hearing to determine the amount of funds available and the need, if any, for supplemental funding. Upon completion of the hearing, the commission shall prepare a report and submit it to the governor and the legislature. History: Add. 2000, Act 141, Imd. Eff. June 5, 2000 Popular Name: Customer Choice and Electricity Reliability Act
MI Comp L § 460.10u (2021)
2021 Michigan Compiled Laws|Chapter 460 - Public Utilities|Act 3 of 1939 - Michigan Public Service Commission (460.1 - 460.11)|Section 460.10u - Report.

460.10u Report.Sec. 10u.  The commission shall compile a report by February 1 of each year that shall be posted on the commission's internet website and disseminated by any other means that the commission determines will properly notify the citizens of this state. A copy of the report shall be provided to the governor and the legislature. The report shall include all of the following:  (a) The status of competition for the supplying of electricity in this state.  (b) Recommendations for legislation, if any.  (c) Actions taken by the commission to implement measures necessary to protect consumers from unfair or deceptive business practices by utilities, alternative electric suppliers, and other market participants.  (d) Information regarding consumer education programs, approved by the commission, to inform consumers of all relevant information regarding the purchase of electricity and related services from alternative electric suppliers. History: Add. 2000, Act 141, Imd. Eff. June 5, 2000 ;-- Am. 2011, Act 274, Imd. Eff. Dec. 20, 2011 Popular Name: Customer Choice and Electricity Reliability Act