March 11, 2008

The Michigan Public Service Commission (MPSC) today approved settlement agreements for four electric utilities, authorizing their 2008 power supply cost recovery (PSCR) factors.

In Case No. U-15403, the MPSC approved a settlement agreement for Northern States Power Company, authorizing the utility to charge a PSCR factor of up to $0.01836 per kilowatt-hour (kWh) in 2008.  The factor was reduced to reflect the effect of utility's over-collection in 2007.  The utility and the MPSC staff participated in the settlement.

In Case No. U-15405, the MPSC approved a settlement agreement for Alger Delta Cooperative Electric Association, authorizing the utility to charge a PSCR factor of up to $0.03227 per kWh in 2008.  The utility and the MPSC staff participated in the settlement.

In Case No. U-15406, the MPSC approved a settlement agreement for Cloverland Electric Cooperative, authorizing the utility to charge a PSCR factor of up to $0.03432 per kWh in 2008.  The utility and the MPSC staff participated in the settlement.

In Case No. U-15407, the MPSC approved a settlement agreement for Midwest Energy Cooperative, authorizing the utility to charge a PSCR factor of up to $0.01481 per kWh in 2008.  The utility and the MPSC staff participated in the settlement.

The MPSC is an agency within the Department of Labor & Economic Growth.

Case Nos. U-15403, U-15405, U-15406, and U-15407