SB 1031 — Public utilities: rates; use of actual cost for setting utility rates; require. Amends sec. 6a of 1939 PA 3 (MCL 460.6a).
Last action — REFERRED TO COMMITTEE ON ENERGY AND ENVIRONMENT
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1Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill has been introduced in the Senate. Introduced June 10, 2026. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Odds of enactment
Low chanceBased on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
In plain language
The bill requires public utilities to set rates based on actual costs.
This legislation mandates that public utilities calculate their rates by using the actual costs incurred. This change aims to ensure more accurate utility pricing.
What this means for you
- Consumers: Consumers may see changes in their utility rates that better reflect the actual costs of service.
Summary
Public utilities: rates; use of actual cost for setting utility rates; require. Amends sec. 6a of 1939 PA 3 (MCL 460.6a).
Bill Text
- Introduced Senate Introduced Bill Current pdf
Action History
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REFERRED TO COMMITTEE ON ENERGY AND ENVIRONMENT
Sponsors
- Jim Runestad · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 146 not signed on
Sponsors (1)
- Jim Runestad Republican
Co-sponsors (0)
None.
Not signed on (146)
146 members have not signed on to this bill.
Show all 146 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB 1031 do?
- Public utilities: rates; use of actual cost for setting utility rates; require. Amends sec. 6a of 1939 PA 3 (MCL 460.6a).
- Who sponsors SB 1031?
- SB 1031 is sponsored by Jim Runestad (Republican).
- What is the current status of SB 1031?
- This bill has been introduced in the Senate. Introduced June 10, 2026. It must pass committee before a floor vote.
- Where can I track SB 1031?
- Track SB 1031 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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