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Mich. Appeals Court Upholds $773M Nuclear Plant Upgrades

Law360, New York (October 22, 2014, 5:04 PM EDT) -- The Michigan Court of Appeals on Tuesday found the state Public Service Commission properly approved a  $773.6 million life-cycle management project to upgrade a nuclear power plant owned by an American Electric Power subsidiary but determined a management reserve of 10 percent of the project cost should not have been preapproved.

The Association of Businesses Advocating Tariff Equity, or ABATE, and the Michigan Attorney General challenged a decision by the Michigan PSC to approve a certificate of necessity, or CON, allowing for project costs to be...
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