Consumers Energy ordered to refund $86MM

9 February 2010 - Consumers Energy was ordered to refund $86 million to its customers by the Michigan Public Service Commission for what regulators said was a failure on the part of the utility to use money designated for the decommissioning of the Big Rock Point nuclear power plant for its intended purpose. The Commission said that Consumers Energy instead used money for "general purposes."

Michigan regulators have given Consumers Energy 30 days to devise a plan to credit 1.8 million customers based on power usage. The refund must be completed within 18 months.

The utility said it did manage the decomissioning properly.

Big Rock Point was the longest running and oldest operating nuclear plant in the US at the time of its decommissioning, having operated for 35 years. It was Michigan's first nuclear power plant. Generating capacity of the plant was 67 MW.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs