Mich. A.G. Nessel Saves I&M Customers $11.2 Million, Nixes Ratepayer Subsidization of Sweetheart Deal Between Utility and Affiliates
April 13, 2024
April 13, 2024
LANSING, Michigan, April 13 -- Michigan Attorney General Dana Nessel issued the following news release on April 12, 2024:
Yesterday, the Michigan Public Service Commission (MPSC) issued an order in Indiana Michigan Power Company's (I&M) 2021 Power Supply Cost Recovery Reconciliation case agreeing with the Attorney General's argument to disallow nearly $11.2 of unreasonable costs associated with a 'sweetheart deal' I&M entered into with its own affiliate power generators. I&a . . .
Yesterday, the Michigan Public Service Commission (MPSC) issued an order in Indiana Michigan Power Company's (I&M) 2021 Power Supply Cost Recovery Reconciliation case agreeing with the Attorney General's argument to disallow nearly $11.2 of unreasonable costs associated with a 'sweetheart deal' I&M entered into with its own affiliate power generators. I&a . . .