Section 460.741. Approval of incentives by the commission.

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(1) The commission may authorize an electric utility to receive a financial incentive if it exceeds all of the service quality and reliability standards adopted by these rules.

(2)   A request for approval of an incentive mechanism shall be made in either of the following proceedings and shall be conducted as   a contested case under chapter 4 of 1969 PA 306, MCL 24.271 et seq.

(a)    ) A rate case proceeding.

(b)     A single-issue proceeding filed specifically to address adoption of an incentive program.

(3)     An electric utility shall not file an application seeking approval of an incentive mechanism until it has exceeded all of the service quality and reliability standards adopted by these rules continuously for a period of not less than 12 months.

History: 2004 AACS.

                    
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