Public utilities: other; fees for payment transactions; prohibit. Amends sec. 10p of 1939 PA 3 (MCL 460.10p).

HB 5503 prohibits Michigan electric utilities from charging residential customers fees for paying bills using credit cards, debit cards, cash, checks, electronic transfers, or money orders. The bill directly affects residential utility customers by banning these specific transaction fees. Key provisions require utilities to eliminate these fees for all payment methods listed in the bill, ensuring no additional cost for standard payment options. This policy change applies to all electric utilities operating in Michigan under the amended section 10p of the Public Utilities Act.