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Initiative To Create A Michigan State Power Authority.pdf

CASLPP_Reader_1976_Austin_50.pdf
Preview of Initiative to Create a Michigan State Power Authority
🔗 Source: ecommons.library.cornell.edu
📊 Size: 174 KB
📄 Pages: 2 pages
⬇️ Downloads: 71

Summary

A petition proposes a constitutional amendment to create a State Power Authority in Michigan, which would acquire and operate investor-owned gas and electric utilities. The authority would be governed by a five-member elected board, with members serving four-year terms. The board would hire an executive director and staff to manage the utilities. The authority would issue revenue bonds to finance acquisition and expansion, and operate under principles of affirmative action and collective bargaining. It would also establish uniform rates for electricity and gas, with a secondary low-rate for low-income residential consumers, and make payments in lieu of taxes to the state and local governments.

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Description

A petition proposes a constitutional amendment to create a State Power Authority in Michigan, which would acquire and operate investor-owned gas and electric...

Technical Information

  • File Format: PDF
  • File Size: 174 KB
  • Pages: 2
  • Language: EN
  • Total Downloads: 71
  • Last Updated: 1 month ago

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This PDF document about Initiative to Create a Michigan State Power Authority provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Initiative to Create a Michigan State Power Authority.

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