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MPSC Approves Settlement Agreement Authorizing Michigan Gas Utilities Corporation to Reconcile Its 2007-2008 Gas Cost Recovery Revenues and Expenses

Contact:  Judy Palnau (517) 241-3323


August 11, 2009

The Michigan Public Service Commission (MPSC) today approved a settlement agreement authorizing Michigan Gas Utilities Corporation to reconcile its 2007-2008 gas cost recovery (GCR) revenues and expenses for the 12-month period ended March 31, 2008.

The approved settlement agreement found a net under-recovery of $13,704,868, which will be rolled into the utility's 2008-2009 GCR gas expense and reconciliation.

The utility, the Attorney General, the Residential Ratepayer Consortium 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-15040-R
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