Michigan's AG Inks Deal To Cut Energy Costs By $40M

Law360, New York (June 10, 2008, 12:00 AM EDT) -- Michigan Attorney General Mike Cox has struck a deal with Michigan utility Consumers Energy Co. and power provider Midland Cogeneration Venture LP in a bid to reduce energy costs for Michigan consumers by $40 million, the attorney general's office said Monday.

The settlement resolves a dispute between the Maryland Public Service Commission and MCV, which was pushing to get a rate increase approved that would add up to some $40 million a year.

Consumers Energy buys electricity from the MCV power plant in Midland, Michigan. Contracts...
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