[Ed. – Ready or not.]
Michigan Gov. Rick Snyder on Wednesday signed into law what his office called a series of “historic energy reforms,” quickly finalizing a 234-page plan approved last week by state legislators.
The major energy policy overhaul establishes a new long-term planning process for traditional utilities as they continue to retire coal-fired power plants and consider replacements, increases renewable energy requirements, lifts a cap on efficiency incentives and largely retains the state’s limited “electric choice” program.
“This legislation will make it easier for our state to meet its energy needs while protecting our environment and saving Michiganders millions on their energy bills,” Snyder said in a statement. “I thank my partners in the Legislature for the bipartisan support of these bills that will help ensure a better and brighter future for all Michiganders.”
It’s not clear exactly how the new law will impact residential energy customers in Michigan, who now pay some of the higher rates in the country. But Snyder and other supporters have stressed the legislative focus on efficiency and energy waste reduction, potential cost-savings components the governor pushed for in 2012 and 2015 special messages.