Printer Friendly

CONSUMERS POWER WORKING WITH SETTLEMENT PARTIES TO BROADEN SUPPORT

 CONSUMERS POWER WORKING WITH SETTLEMENT PARTIES TO BROADEN SUPPORT
 JACKSON, Mich., April 3 /PRNewswire/ -- Consumers Power Company announced today that, based on discussions with the joint parties to the proposed settlement rejected by the Michigan Public Service Commission (MPSC) yesterday, it is working with those parties to modify the settlement proposal to broaden support among the other parties and to make the settlement acceptable to the MPSC.
 In rejecting the settlement yesterday, the MPSC stated that "... some of the issues may still be resolved through a new agreement that encompasses portions of the joint stipulation ..."
 William T. McCormick Jr., chairman and chief executive officer of CMS Energy Corporation (NYSE: CMS), said, "After reviewing the full MPSC order issued yesterday, we intend to continue to work with the parties and the MPSC to fashion an acceptable settlement to resolve our major outstanding issues. We believe such a settlement is still possible, and in the best interests of our customers."
 On March 3, 1992, Consumers Power, the staff of the MPSC and an industrial user group -- the Association of Businesses Advocating Tariff Equity (ABATE) -- jointly filed a comprehensive agreement relating to the treatment of the Midland Cogeneration Venture (MCV) in Consumers Power's rates as well as a number of other matters. Yesterday, the MPSC refused to consider the settlement due to opposition of certain parties and various other reasons.
 Consumers Power Company, the principal subsidiary of CMS Energy Corporation, is Michigan's largest natural gas and electric utility serving almost 6 million of the state's 9 million residents in 67 of the 68 Lower Peninsula counties.
 -0- 4/3/92
 /CONTACT: Charles E. MacInnis, Consumers Power News and Information, 517-788-0333/
 (CMS) CO: Consumers Power Company; CMS Energy Corporation; Michigan Public
 Service Commission ST: Michigan IN: UTI SU:


SM -- DE001 -- 4749 04/03/92 09:54 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 3, 1992
Words:303
Previous Article:MICHIGAN PHONE COMPANY GETS FUNDING
Next Article:RIVERWOOD INTERNATIONAL NEGOTIATES FOR ACQUISITION OF MACON KRAFT
Topics:


Related Articles
CONSUMERS POWER COMPANY ELECTRIC RATE SETTLEMENT
CONSUMERS POWER REPORTS MPSC APPROVES RATE SETTLEMENTS
CONSUMERS POWER ANNOUNCES UNCONDITIONAL MCV SUPPORT OF SETTLEMENT PROPOSAL
CONSUMERS POWER SAYS MPSC REINSTATES BACKING OF MCV ACCORD
ROCHESTER GAS & ELECTRIC IN NEGOTIATIONS FOR MULTI-YEAR RATE SETTLEMENT
CONSUMERS POWER REACHES SETTLEMENT ON WASTE-TO-ENERGY PROJECTS
SIGNATORIES TO MCV SETTLEMENT WILL ABIDE BY MPSC'S ORDER
CMS ENERGY ANNOUNCES LUDINGTON SETTLEMENT WILL HAVE NO IMPACT ON EARNINGS
OCC RESPONDS TO OHIO POWER SETTLEMENT AGREEMENT
DISCUSSIONS CONTINUE ON MULTI-YEAR RATE SETTLEMENT; RG&E FILES ONE-YEAR PLAN AS PART OF TALKS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters