To adopt a compromise version of the bill reported by a House-Senate conference committee. This would impose a 10 percent “renewable” energy mandate on electric utilities by 2015, including solar, biomass, wind, hydro, geothermal, advanced coal systems and more. The Public Service Commission would have the authority to suspend the mandate if it judges the extra cost on utilities to be too high, and utilities could not raise monthly bills more than $3 for residential customers, $16.58 for small business and $187.50 for larger firms. Temporary, means-tested income tax credits would be available to partially offset these price hikes (see Senate Bill 1048
). The bill is tie-barred to House Bill 5524
, which would guarantee DTE and Consumers Power at least 90 percent of the utility business in the areas they serve, and which phases out over five years a current law requiring commercial electricity users to subsidize residential rates.