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Article: MICHIGAN PUBLIC SERVICE COMMISSION AUTHORIZES ALPENA POWER TO INCREASE ELECTRIC RATES BY $1.3 MILLION ANNUALLY, 28 PERCENT BELOW UTILITY'S REQUEST

Article from:
US Fed News Service, Including US State News
Article date:
June 12, 2007
Copyright

The Michigan Public Service Commission issued the following news release:

The Michigan Public Service Commission (MPSC) today authorized Alpena Power Company to increase its electric rates by $1,261,000 annually, 28 percent below the utility's request.

This is the Company's first electric base rate increase in 15 years. This rate increase was needed to provide for recovery of increased operation and maintenance expenses, employee pension and healthcare costs, and new plant additions.

In addition, a surcharge of $0.00019 per kilowatt-hour to ...

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