Article: $1.25 billion at stake in legislative hearing Friday. (Nordic Power Inc.) (includes text of statement by Nordic Power Inc.) (transcript)

$1.25 BILLION AT STAKE IN LEGISLATIVE HEARING FRIDAY

ANN ARBOR, Mich., Nov. 7 /PRNewswire/ -- The following was released today by Nordic Power, Inc.:

Michigan consumers would save $1.25 billion over the next 30 years -- if the state Legislature forces true competition in the energy business.

Michael Kennedy, president of Citizens Energy in Boston, will be among those urging a joint legislative committee to do just that at a public hearing Friday, Nov. 9, in Detroit.

Kennedy, who succeeded his brother Joe as president of Citizens Energy after Joe Kennedy was elected to Congress, will testify that state-regulated bidding has ...

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