The 25 percent renewables by 2025 ballot initiative has been given the number “Proposal 3.” The descriptive 96-word ballot language has been set—

“This proposal would:
“Require electric utilities to provide at least 25 percent of their annual retail sales of electricity from renewable energy sources, which are wind, solar, biomass, and hydropower, by 2025.
“Limit to not more than 1 percent per year electric utility rate increases charged to consumers only to achieve compliance with the renewable energy standard.
“Allow annual extensions of the deadline to meet the 25 percent standard in order to prevent rate increases over the 1 percent limit.
“Require the legislature to enact additional laws to encourage the use of Michigan-made equipment and employment of Michigan residents.

For an excellent analysis of the proposal see: http://www.crcmich.org/PUBLICAT/2010s/2012/memo1118.html