Detroit Edison Co. (DE) has received approval from the Michigan Public Service Commission for
10-year sole-supplier contracts for electric power and related services with Chrysler, Ford,...
cost-reduction mechanisms, such as reduction in expenses recovered in rates. These reductions include elimination of the $62 million in IPP termination and Home Insulation Energy Conservation Act costs, reduction in ConEd's profit level to 10 percent, and removal from rate base of plants and property that are not providing service to ratepayers.
Meanwhile, a public opinion survey sponsored by Americans for Affordable Electricity and conducted by American Viewpoint, showed that while New Yorkers want supplier choice, they reject ConEd's proposal. Approximately 800 registered voters throughout the state were surveyed. Most of those surveyed (54 percent) believe ConEd's proposal is bad public policy, while 32 percent feel it is good public policy. t
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