Public utilities: rates; return on equity rates; limit. Amends sec. 6a of 1939 PA 3 (MCL 460.6a).

Michigan House Bill 6095, introduced on June 16, 2026, aims to limit the return on equity (ROE) rates that public utilities can earn. The bill proposes amendments to Section 6a of the 1939 Public Act 3 (MCL 460.6a), which governs utility rate regulations. By capping the ROE, the legislation seeks to control the profits utilities can make, potentially leading to lower utility rates for consumers.

Supporters of HB6095 argue that capping the return on equity for public utilities will prevent excessive profits and ensure fair pricing for consumers. They believe this measure will make utility services more affordable and protect residents from unjustified rate hikes.

Critics of the bill contend that limiting the return on equity could discourage investment in utility infrastructure and maintenance. They argue that reduced profitability may lead to underfunded utilities, potentially compromising service quality and reliability for consumers.