Sault Ste. Marie, Michigan
July 9, 2009
Lee M. Baatz Ass't. V.P. – Rates
906-632-5170
Edison Sault Electric Company announced today that lower costs of fuel contained in purchased power billings have enabled Edison Sault to reduce the Power Supply Cost Recovery (PSCR) factor which is included in its billings to customers. The reduction for lower fuel costs follows a PSCR reduction made in March to recognize the improved hydroelectric conditions from the levels experienced over the past couple years.
Edison
Sault also announced that it will be participating in a statewide energy
optimization program that will encourage customers to conserve energy.
The program is being implemented as a result of legislation passed in
2008 addressing renewable energy resources and the conservation of energy.
The energy optimization program will be conducted by a state selected
administrator that is expected to promote conservation and the use of high
efficiency energy appliances. The
cost of administering the conservation program will be borne by utility
customers as a separate surcharge that will be included beginning with their
July 2009 bills for utility service. The
monthly charge for Edison Sault’s residential customers will be based upon
kilowatthour usage and will cost customers $1.17 per 1,000 kilowatthours used.
Commercial and industrial customers will have a charge per meter on their
bills.
The
PSCR reduction for most of Edison Sault’s customers is scheduled to more than
offset the increase for the energy optimization surcharge.
A residential customer using 1,000 kWh a month will see an overall
reduction of $3.61 per month, or 4% on their electric bills.
Edison Sault’s residential rates were already 14% below the average
charged by other
Michigan
electric companies. The changes being announced will make Edison Sault’s
rates even more attractive when compared to other companies.
Edison
Sault engages
in electricity generation and distribution to 23,000 residential, commercial and
industrial customers in
Wisconsin
Energy Corporation (NYSE: WEC), based in Milwaukee, is one of the nation’s
premier energy companies, serving more than 1.1 million electric customers in
Wisconsin and Michigan’s Upper Peninsula and more than one million natural gas
customers in Wisconsin. The company’s principal utilities are We Energies and
Wisconsin
Energy Corporation (www.wisconsinenergy.com),
a component of the S&P 500, has more than $11 billion of assets,
approximately 5,000 employees and more than 50,000 stockholders of record.
***end***