MPSC Approves Settlement Agreement Authorizing Consumers Energy Company to Recover Certain Deferred Major Maintenance Electric Expenses
Contact: Judy Palnau, 517-241-3323
Agency: Michigan Public Service Commission
November 6, 2014 – The Michigan Public Service Commission (MPSC) today approved a settlement agreement authorizing Consumers Energy Company to recover $9,752,187, with interest, in deferred major maintenance expense in excess of that approved in base rates in Case No. U-16794.
The utility had requested $10,627,407, with interest.
Under the terms of the settlement, residential customers using 500 kilowatt-hours of electricity per month will see an increase of 33 cents on their monthly bills for the December 2014 through May 2015 billing months.
The utility and the MPSC staff participated in the settlement. The Association of Businesses Advocating Tariff Equity (ABATE) filed a statement of non-objection.
Case No. U-17624
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