October 23, 2003

The Michigan Public Service Commission (MPSC) today issued an order approving a settlement agreement and authorizing the Thumb Electric Cooperative to reconcile its power supply cost recovery revenues and expenses for the 12-month period ended December 31, 2002.  The company filed its application on this matter on March 20, 2003.

Terms of the settlement agreement indicate that Thumb Electric Cooperative experienced an over-collection of $133,614.  The company refunded the over-collection to its member-consumers by applying a credit of 2.10 mills per kilowatt-hour (kWh) during the billing months of January 2003 through April 2003 and a credit of 4.10 mills per kWh in May 2003.

Today’s MPSC order approves the settlement agreement and refunds.

The MPSC is an agency within the Department of Consumer and Industry Services.

Case No. U-13112-R

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