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CONSUMERS POWER ELECTRICITY PURCHASE REJECTED

 CONSUMERS POWER ELECTRICITY PURCHASE REJECTED
 LANSING, Mich., June 18 /PRNewswire/ -- The following was released


today by the Michigan Municipal Cooperative Group:
 Utilities serving over 1 million Michigan people applauded a Federal Energy Regulatory Commission (FERC) decision rejecting Consumers Power Company's proposal to buy power from its Palisades Generating Company affiliate.
 A FERC administrative law judge ruled the contract to buy power was "not just and reasonable or otherwise lawful" and that "the rates are excessive and yield excessive and exorbitant rates of return to Palisades Generating Company and its stockholders."
 Consumers Power Company had proposed to sell its Palisades nuclear plant to a sister company. The contract in question was one whereby the sister company would sell the power from the plant back to Consumers Power.
 Many Michigan Municipal Cooperative Group (MMCG) utilities purchase their electricity from Consumers Power and opposed the contract because it would unnecessarily increase the rates they and their customers pay for power. The Michigan Public Service Commission also actively opposed the contract at the FERC.
 Said MMCG Steering Committee Chairman Joseph Wolfe, "This contract is another example of self-dealing by Consumers Power with its affiliates. We are pleased that the judge generally adopted our position. His decision will help prevent unnecessary increases in electric rates that could cost Michigan jobs and industry."
 MMCG is made up of municipal and cooperative utilities which serve more than 1 million people with electricity. MMCG has two general goals: To assure fair prices on electricity Consumers Power buys from its Midland Cogeneration Venture and Palisades Generating Company affiliates and to assure fair access to Michigan's transmission lines.
 -0- 6/18/92
 /CONTACT: Joseph Wolfe of MMCG, 517-371-6030; or attorney Robert Jablon, 202-879-4070, for MMCG/
 (CMS) CO: Michigan Municipal Cooperative Group; Consumers Power Company;
 Palisades Generating Company; CMS Energy Corporation ST: Michigan IN: UTI SU:


SB-ML -- DE019 -- 1533 06/18/92 13:05 EDT
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Publication:PR Newswire
Date:Jun 18, 1992
Words:314
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