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FERC: AEP Formula Capacity Rate "May Be Substantially Excessive"

FERC accepted for filing but suspended for five months the formula capacity rate filed rate by Indiana Michigan Power (I&M) Company, an AEP company, that would be charged to retail suppliers taking capacity under I&M's Fixed Resource Requirement plan, as FERC's preliminary analysis, "indicates that…

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Briefly

The Michigan PSC authorized Michigan Consolidated Gas Company to implement, for the 12-month period from April 1, 2011 through March 31, 2012, a base gas cost recovery factor of $5.89 per thousand cubic feet.

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FirstEnergy Solutions Reports Increased Direct Retail Sales

Increased competitive retail sales directly to large and mass markets customers by FirstEnergy Solutions, net of the impact from changed pricing versus the year-ago, led to a $164 million improvement in commodity margin during the fourth quarter of 2011, FirstEnergy said in reporting earnings.

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Michigan Retail Energy News (Page 17) | EnergyChoiceMatters.com