Mich. Comp. Laws » Michigan Compiled Laws / Chapter 460 / Act 3 of 1939
Michigan Compiled Laws

Mich. Comp. Laws § 460.10j (2026)

Securitization property; rights and interests.

✓ current as of July 2026
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MICHIGAN PUBLIC SERVICE COMMISSION


Act 3 of 1939


460.10j Securitization property; rights and interests.

Sec. 10j.

    (1)  Securitization property shall consist of the rights and interests of an electric utility, or its successor, under a financing order, including without limitation all of the following:

    (a) The right to impose, collect, and receive securitization charges authorized in the financing order in an amount necessary to provide the full recovery of all qualified costs.

    (b) The right under the financing order to obtain periodic adjustments of securitization charges under section 10k(3).

    (c) All revenue, collections, payments, money, and proceeds arising out of the rights and interests described under this subsection.

    (2) Securitization property shall constitute a present property right even though the imposition and collection of securitization charges depends on the further acts of the electric utility or others that have not yet occurred. The rights of an electric utility to securitization property before its sale to any assignee shall be considered a property interest in a contract. The financing order shall remain in effect and the securitization property shall continue to exist until the commission approved securitization bonds and expenses related to the bonds have been paid in full.

History: Add. 2000, Act 142, Imd. Eff. June 5, 2000

PopularName Notes:

Customer Choice and Electricity Reliability Act
Notes of Decisions
Cited in 1 case, 2005–2005 · leading case: Consumers Energy Co. v. Pub. Serv. Comm'n, 707 N.W.2d 633 (Mich. Ct. App. 2005).
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Consumers Energy Co. v. Pub. Serv. Comm'n, 707 N.W.2d 633 (Mich. Ct. App. 2005). “Critical to the resolution of this issue is the meaning of “qualified costs” as opposed to that of “stranded costs” and particularly, as will be set forth, our conclusion that not all qualified costs constitute stranded costs.”
— Mich. Comp. Laws § 460.10j(l)(a) — 1 case
Consumers Energy Co. v. Pub. Serv. Comm'n, 707 N.W.2d 633 (Mich. Ct. App. 2005). “Critical to the resolution of this issue is the meaning of “qualified costs” as opposed to that of “stranded costs” and particularly, as will be set forth, our conclusion that not all qualified costs constitute stranded costs.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.