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CONSUMERS POWER JANUARY GAS BILLS TO INCLUDE ONE-TIME CREDIT

 CONSUMERS POWER JANUARY GAS BILLS TO INCLUDE ONE-TIME CREDIT
 JACKSON, Mich., Jan. 9 /PRNewswire/ -- Consumers Power Company's residential natural gas rates, already among the nation's lowest, will dip even lower for this month. The utility's gas customers will receive refunds in the form of a credit on their January bill being mailed out by Consumers Power this week. A typical residential customer using 144,000 cubic feet of natural gas per year will see a one-time credit of $20.95 on his or her January bill.
 The credit is a result of two natural gas refunds authorized last month by the Michigan Public Service Commission. A $16.4 million refund including interest was authorized to reflect a pipeline refund to Consumers Power's Michigan Gas Storage Company subsidiary for 1988 and 1989. Individual credits will vary, based on a customer's actual gas consumption in 1988 and 1989. Another refund of $16.3 million including interest was authorized to reconcile 1989 actual natural gas costs with gas cost recovery revenues. Individual gas customers' credits will vary on this refund also, based on 1989 gas usage. Former customers entitled to refunds will receive a check via mail.
 Consumers Power's residential natural gas rates last winter were lower than those of three-quarters of the nation's gas utilities, according to an independent survey by the National Association of Regulatory Utility Commissioners. The cost of Consumers Power natural gas service, when taking into account the effects of inflation, has actually declined over the last decade.
 Consumers Power Company, the principal subsidiary of CMS Energy Corporation (NYSE: CMS), is Michigan's largest utility serving almost 6 million of the state's 9 million residents in 67 of the 68 Lower Peninsula counties. It is the nation's sixth-largest gas distribution utility serving 215 cities and villages including suburban Detroit, Bay City, Flint, Jackson, Kalamazoo, Lansing, Pontiac and Saginaw in 40 of the 68 Lower Peninsula counties.
 -0- 1/9/92
 /CONTACT: Charles E. MacInnis of Consumers Power Company, 517-788-0333/
 (CMS) CO: Consumers Power Company ST: Michigan IN: UTI SU:


JG -- DE009 -- 8119 01/09/92 10:07 EST
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Publication:PR Newswire
Date:Jan 9, 1992
Words:348
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