Energy: alternative sources; renewable energy system standards; modify. Amends secs. 29 & 51 of 2008 PA 295 (MCL 460.1029 & 460.1051).

SB 727 modifies Michigan’s Clean and Renewable Energy Act by updating rules for renewable energy credits and setting stricter clean energy targets. It allows electric providers to count renewable energy credits from systems located outside Michigan (if used for regional transmission needs) and creates new pathways for businesses (like manufacturers or cooperatives) to share their renewable credits with providers to meet standards. The bill also raises the clean energy target to 80% by 2035-2039 and 100% by 2040, requiring providers to submit compliance plans and granting limited extensions (up to 2 years) under specific conditions. These changes primarily affect electric utilities, large commercial customers, and renewable energy providers in Michigan.