This proposal would: 1) Require electric utilities to provide at least 25% of their annual retail sales of electricity from renewable energy sources, which are wind, solar, biomass, and hydropower, by 2025. 2) Limit to not more than 1% per year electric utility rate increases charged to consumers only to achieve compliance with the renewable energy standard. 3) Allow annual extensions of the deadline to meet the 25% standard in order to prevent rate increases over the 1% limit. 4) Require the legislature to enact additional laws to encourage the use of Michigan made equipment and employment of Michigan residents.
Information on ballot language accessed via: http://www.michigan.gov/documents/Statewide_Bal_Prop_Status_145801_7.pdf
Source for Popular Vote data: Michigan Department of State. Official Michigan General Election Results: State Proposal - 12-3: Constitutional Amendment: Establish a Standard for Renewable Energy, Michigan Department of State (http://miboecfr.nictusa.com/election/results/12GEN/90000003.html) (accessed 18 Dec 2012)