Preliminary Detroit Edison Choice Cap Indicates Additional Space for 2011

Detroit Edison (U-16088) and Consumers Energy (U-16087) have filed with the Michigan PSC their initial electric choice cap reports, reflecting the preliminary cap for the year 2011.

The figures in the initial cap reports are based on preliminary sales data for 2010, reflecting 11 months of weather-adjusted retail sales and one month of estimated retail sales. Final reports will be filed no later than February 1, 2011, reflecting actual sales data for all 12 months of 2010.

At Detroit Edison, total 2010 weather-adjusted sales are projected at 46,600,956 MWh, resulting in an initial 10% choice cap of 4,660,096 MWh. That's higher than the final cap of 4,543,063 MWh based on 2009 sales.

Current choice participation at Detroit Edison is 4,632,755 MWh, with 589,595 MWh in the queue, or about 20 times the amount of space preliminarily estimated to be available under the 2011 cap.

At Consumers, total 2010 weather-adjusted sales are projected at 36,730,636 MWh, resulting in an initial cap of 3,673,064 MWh. That's higher than the final cap of 3,583,232 MWh based on 2009 sales; however, choice participation at Consumers already exceeds this higher level at 4,083,135 MWh. Consumers Energy has 1,553,388 MWh in the queue.