"Michigan Regulators Propose Linking Utility Earnings to Grid Reliability"

Michigan regulators are considering tying utility earnings to grid reliability in a "straw proposal" aimed at penalizing utilities for repetitive and lengthy power outages. The proposal could include financial penalties for utilities with long outages and connect the company's earnings to how quickly electricity is restored, particularly during major storms. The move comes as Michigan's utilities struggle to keep the power on amid climate change, with bad weather and fallen trees frequently causing power outages. The proposal has gained traction among residents who have voiced complaints about lost heat, spoiled food, and wasted work hours. The Michigan Public Service Commission will accept comments on the proposal until September 22.