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,...
mechanism only. It does not address how the total amount of transition costs is estimated. It does, however, introduce market forces into the recovery of stranded costs. It places incentives on the incumbents to welcome new players and clear disincentives on erecting barriers to entry. It also serves to jump-start competition immediately during the transition period - a point that can only work to benefit customers.
Craig A. Glazer is chairman of the Public Utilities Commission of Ohio.
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