The Michigan Public Service Commission (MPSC) today reconciled Consumers Energy Company's 2009 energy optimization plan (EO) costs and revenues for both its electric and gas divisions. 

The MPSC noted that the utility achieved electric savings of 145,118 megawatt-hours (MWh), and natural gas savings of 396,783 thousand cubic feet (Mcf), exceeding the requirements of Public Act 295 of 2008 and demonstrated that its plans were cost effective.  Because the utility exceeded its EO targets, it is eligible to collect a financial incentive, as allowed by PA 295.

In today's order, the MPSC authorized the company to collect a total financial incentive award of $5,685,305.  The MPSC directed the utility to collect the financial award over 12 months, rather than in one month, as proposed by the utility.  The surcharge will begin with the June billing cycle and continue for 12 months.  A residential customer using 500 kilowatt-hours of electricity per month will see a surcharge increase of approximately 4 cents on their monthly bill.  A residential customer using 100 ccf of natural gas a month will see a surcharge increase of approximately 10 cents on their monthly bill.

The MPSC is an agency within the Department of Licensing and Regulatory Affairs.

Case No. U-16302