Sec. 3.
Cooperative electric utilities, which are owned by the members they serve, are regulated by their members acting through democratically elected boards of directors. It is declared that member-regulation by a cooperative in the areas of rates, charges, accounting standards, billing practices, and terms and conditions of service may be more efficient and cost-effective. The purpose of this act is to allow the board of directors to elect member-regulation for rates, charges, accounting standards, billing practices, and terms and conditions of service.
History: 2008, Act 167, Imd. Eff. June 26, 2008
Structure Michigan Compiled Laws
Chapter 460 - Public Utilities
Act 167 of 2008 - Electric Cooperative Member-Regulation Act (460.31 - 460.39)
Section 460.33 - Cooperative Electric Utilities; Purpose of Act.
Section 460.34 - Proposal by Board of Directors to Become Member-Regulated; Procedures.
Section 460.35 - Election to Become Member-Regulated; Overturn of Proposal by Members.
Section 460.38 - Notice of Rate Change or Other Changes; Time Period; Publication.