|John G. Strand, Chairman || Dorothy Wideman|
|John C. Shea || Mary Jo Kunkle|
|David A. Svanda || (517)334-6983|
LANSING, February 5. Citing the need for additional
information before assessing the Staff Report on Electric Industry
Restructuring, the Michigan Public Service Commission today requested
Consumers Power Company and The Detroit Edison Company to make
informational filings with the Commission to disclose how they would
propose to implement the Staff Report. The informational filings are
due March 7, 1997. Issues for the companies to address in the filings
include: calculations of stranded costs and transition charges; items that
the utility would expect to securitize (a method for refinancing
potentially stranded utility capital costs at a significantly lower overall
cost), if authorized; allocation of direct access capacity; proposed direct
access service charges and conditions of service; standby service options for
direct access customers; transmission constraints or limitations; and potential
development of an independent system operator. Other Michigan electric
utility companies may also make informational filings by March 7.
The Commission also announced that it will hold four public
hearings to receive comments on the informational filings. The public
hearings will be held as follows:
March 25, 1997 LANSING 1:30 p.m.
Library of Michigan
717 West Allegan
March 26, 1997 DETROIT 1:30 p.m.
City County Building
Auditorium, 13th Floor
Two Woodward Avenue
April 2, 1997 GRAND RAPIDS 1:30 p.m.
City County Building
City Hall, 9th Floor
300 Monroe, NW
Grand Rapids, MI
April 3, 1997 MT. PLEASANT 1:00 p.m.
City Commission Chambers
City Hall, Room 200
401 N. Main
Mt. Pleasant, MI
Additionally, the Commission will accept written comments on
the utilities' informational filings by April 7, 1997. Written comments
should reference Case No.
U-11290 and be sent to:
Michigan Public Service Commission
P.O. Box 30221
Lansing, MI 48909
The MPSC is an agency within the Department of Consumer
and Industry Services.
Case No. U-11290
February 5, 1997
(Utility company informational filings regarding electric industry
restructuring/Public Hearing schedule)