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MPSC Reconciles 2005 Power Supply Costs in Four Electric Cases

Contact: Judy Palnau (517) 241-3323

November 9, 2006

The Michigan Public Service Commission (MPSC) today approved settlement agreements that reconcile the 2005 power supply costs of Cloverland Electric Cooperative; Midwest Energy Cooperative; Thumb Electric Cooperative; and a joint application by Cherryland Electric Cooperative, Great Lakes Energy Cooperative, and Presque Isle Electric and Gas Co-op.

In Case No. U-14266-R, the Commission approved a settlement agreement that found a $410,933 under-collection that will be rolled into Cloverland Electric Cooperative's PSCR plan.

In Case No. U-14267-R, the Commission approved a settlement agreement that found a $352,092 net over-collection that will be rolled into the Midwest Energy Cooperative's PSCR plan.

In Case No. U-14269-R, the Commission approved Thumb Electric Cooperative's $149,410 refund to customers that took place in January through March of this year.

In Case No. U-14270-R, the Commission approved settlement agreements that found a $2,590,284 under-recovery for Cherryland; a $5,476,743 under-recovery for Great Lakes; and a $1,645,881 under-recovery for Presque Isle. The under-recoveries will be rolled into their respective PSCR plans.

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

Case Nos. U-14266-R, U-14267-R, U-14269-R and U-14270-R