Printer Friendly

ELECTRIC LINE EXTENSION COSTS LOWERED BY CONSUMERS POWER

 JACKSON, Mich., Aug. 23 /PRNewswire/ -- The cost of receiving electric line extensions from Consumers Power Company has just gotten less expensive, and the reduction should play a role in strengthening the economic climate for Michigan's home builders. Consumers Power and the Michigan Association of Home Builders (MAHB) recently negotiated a settlement agreement for the cost of electric line extensions for new homes, and for homes which currently do not have electric service. The settlement agreement, approved by the Michigan Public Service Commission, reduces the cost of overhead or underground electric line extensions between 12.5 percent and 14 percent.
 "We are pleased to be able to offer reduced prices for electric line extensions to potential new home buyers. This cost reduction will significantly benefit the homebuilding industry in Michigan," said Steve DeHaan, executive vice president of administration for the Michigan Association of Home Builders. Through the end of June, more than 18,000 new homes had been built in Michigan in 1993, reported DeHaan. Lower Peninsula counties experiencing the strongest growth in new home construction include Eaton, Monroe, Washtenaw, Bay, Midland and Muskegon, according to MAHB statistics.
 "Consumers Power strongly supports Michigan's home builders in their work of providing economical and attractive housing. Reducing electric line extension costs strengthens the state's economy and helps create jobs for Michigan construction workers," said the utility's President and Chief Executive Officer Fred Buckman.
 Consumers Power Company, the principal subsidiary of CMS Energy Corporation (NYSE: CMS), is Michigan's largest natural gas and electric utility serving 6 million of the state's 9 1/2 million residents in 67 of the 68 Lower Peninsula counties.
 -0- 8/23/93
 /CONTACT: Charles E. MacInnis, News and Information of Consumers Power Company, 517-788-0333/
 (CMS)


CO: CMS Energy Corporation; Consumers Power Company;
 Michigan Association of Home Builders ST: Michigan IN: UTI SU:


SM -- DE024 -- 5125 08/23/93 15:08 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 23, 1993
Words:312
Previous Article:FUQUA GIVES $10 MILLION TO SUPPORT MODEL SCHOOL IN VIRGINIA
Next Article:NVF COMPANY REPORTS RESULTS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters