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MPSC Approves Settlement Agreements Reconciling 2009 Energy Optimization Plans for Edison Sault Electric Company and Indiana Michigan Power Company

Contact: Judy Palnau (517) 241-3323

August 30, 2010

The Michigan Public Service Commission (MPSC) today approved two settlement agreements reconciling the energy optimization plan costs and revenues for Edison Sault Electric Company and Indiana Michigan Power Company for the period ended Dec. 31, 2009.

In Case No. U-16306, the MPSC approved a settlement agreement with Edison Sault Electric Company that found an under-collection of $27,087, which will be rolled into the utility's 2010 energy optimization costs and reconciliation.  There will be no change to the surcharge customers pay.  The settlement also found that the proposed payment of $605,075 to the independent energy optimization program administrator for the 2011 calendar year satisfies the requirements of Michigan law. The utility and the MPSC staff participated in the settlement proceedings.

In Case No. U-16310, the MPSC approved a settlement agreement with Indiana Michigan Power Company showing an under-recovery of $295,729, which will be rolled into the 2010 energy optimization costs and reconciliation.  The average residential customer will see a 2-cent increase on their monthly bill . The settlement also found that the proposed payment of $2,706,738 to the independent energy optimization program administrator for the 2011 calendar year satisfies the requirements of Michigan law. The utility and the MPSC staff participated in the settlement proceedings.

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

Case No. U-16306 and U-16310