Public utilities: consumer services; eligibility for utility power outage credits; provide for. Amends 1939 PA 3 (MCL 460.1 - 460.11) by adding sec. 9g. TIE BAR WITH: HB 4974'25

HB 4973 requires electric utilities in Michigan to automatically provide bill credits to customers experiencing power outages during a billing cycle. Residential customers receive credits ranging from $5 per hour for short outages up to $25 per hour for outages lasting 72+ hours, while nonresidential credits use a formula based on the customer's average hourly energy use. Credits apply to the next bill and carry forward if they exceed the current bill amount. The credits adjust every five years using the Consumer Price Index to account for inflation, as specified in the bill's Section 9g.