Energy: alternative sources; electricity generated from RICE generators; authorize use of to meet renewable and clean energy standards. Amends secs. 28, 29 & 32 of 2008 PA 295 (MCL 460.1028 et seq.) & adds sec. 34.

Increased renewable energy credit portfolio requirements from 15% through 2029 to 50% in 2030-2034 and 60% thereafter.

Modified calculation methods for renewable energy credit portfolios to account for nuclear energy from systems owned or contracted before January 1, 2024.

Added financial incentives for electric providers entering into purchase power agreements for renewable energy or energy storage contracts with non-affiliated entities.

Extended the timeline for renewable energy credit portfolio requirements through 2035 and beyond.

Added provisions allowing customer-owned renewable energy credits to be used by electric providers to meet compliance standards.

Added exemptions for electric providers using coal replacement engines that maintain at least 15% renewable energy portfolios.

Added definition for 'cooperative electric provider' to clarify eligibility for certain provisions.

Added requirements for commission notification when additional extensions beyond the first two are granted for compliance deadlines.

The bill version designation was updated from 'H-3' to 'H-1', indicating this is a different version of the bill in the legislative process. The tracking identifier also changed from 'h3ius7' to 'gx2hk3', which is an internal administrative code used by the legislature for document management.

Updated bill version identifier from H-1 to H-3 and changed tracking codes from gx2hk3 to h3ius7 across multiple line numbers