TL/DR –
The Marquette Board of Light and Power stated that potential legislation could help fund Michigan’s energy requirements. This legislation could mandate electricity boards to pay $2 per meter to Lansing, the capital of Michigan, and the collected funds would be redistributed statewide for energy needs. A similar law already exists that has boards pay $1 a meter, but Marquette’s board has opted out of this for the last 10-15 years due to its unfavorable economics.
Michigan Energy Needs could be Funded by Potential Legislation, Marquette Board of Light and Power Reports
The Marquette Board of Light and Power (MBLP) has suggested that impending legislation could potentially facilitate payment for Michigan’s energy needs. Tom Carpenter, the board’s executive director, mentioned that the proposed law might necessitate electricity boards to contribute $2 per meter to Lansing. This collected money would subsequently be dispersed statewide for energy requirements.
A similar, existing law dictates that boards pay $1 per meter but grants them an option to decline participation. Under the prospective legislation, MBLP would incur a monthly fee of $34,000 to receive an annual sum of roughly $10,000.
“So, would we be paying $34,000 every month just to gain an approximate $10,000 for the year?” queried vice-chair and secretary, Margaret Brumm. “That’s precisely the reason we’ve been opting out of this for the past decade or so,” replied Carpenter.
This article will be updated with the inclusion of newly available information.
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