The Michigan Public Service Commission (MPSC) today approved financial incentive mechanisms for the energy optimization plans of Consumers Energy (Case No. U-15805 et al,  dealing with both its electric and natural gas divisions), Detroit Edison (Case No. U-15806), and Michigan Consolidated Gas Company (Case No. U-15890).

Earlier this year, the MPSC issued orders directing these utilities to file new proposals for a financial incentive mechanism, which would provide financial incentives for utilities that exceed the energy optimization targets outlined in Public Act 295 of 2008.

In all three of these cases, the MPSC today approved a maximum payout of 15 percent of program spending when the utility meets or exceeds the energy savings target by 15 percent with a Utility System Resource Cost Test (USRCT) of 1.25 or higher.

The MPSC is an agency within the Department of Energy, Labor & Economic Growth.

Case Nos. U-15805 et al, U-15806, and U-15890