ENERGY PLAN LANSING, MICH. (AP) (wgvu) - - A REVISION OF THE STATE LAW THAT REGULATES SALE OF ELECTRIC POWER...IS IN THE WORKS, APPROVED BY A HOUSE COMMITTEE.
THE CHANGE WOULD LIMIT THE COMPETITION THAT REGULATED
UTILITIES GET FROM ALTERNATIVE POWER SUPPLIERS.
THE BILL ALSO WOULD CHANGE HOW RATES ARE RAISED, HELP UTILITIES
BUILD NEW POWER PLANTS AND ENSURE CUSTOMERS PAY THE ACTUAL COST OF
ELECTRIC SERVICE.
REGULATIONS NOW HOLD DOWN RESIDENTIAL RATES WHILE RAISING
BUSINESS RATES.
COMPETITORS SAY THE LEGISLATION WOULD RAISE RATES AND KILL
COMPETITION.
UTILITIES SAY THE BILL WOULD HOLD DOWN PRICES BECAUSE MICHIGAN
CAN BUILD POWER PLANTS INSTEAD OF BUYING MORE EXPENSIVE POWER
ELSEWHERE.
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