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Sault Ste. Marie, Michigan
Edison Sault Electric to pass on purchased power savings to customers Edison
Sault Electric Company announced today that it will implement a reduction in its
Power Supply Cost Recovery (PSCR) for the last two months of 2009. A typical
residential customer using 1,000 kWh a month will see a $6.03 reduction in their
electric bill -- an approximate 7% reduction.
The PSCR reflects increases or decreases in the cost of obtaining energy from sources other than Edison Sault’s own generating units. The most recent forecasts indicate lower purchased power costs through year-end 2009, resulting primarily from lower than projected natural gas costs. Edison Sault is still experiencing lower-cost hydro generation from its own facilities. Edison Sault currently uses hydro generation for about 40% of the electricity it sells. The remaining 60% must be purchased from other outside sources. As more hydro power is produced, Edison Sault can lessen the amount of electricity purchased from other sources, thereby reducing the cost of electricity to its customers. Edison
Sault engages in
electricity generation and distribution to 23,000 residential, commercial and
industrial customers in Wisconsin
Energy Corporation (NYSE: WEC), based in Wisconsin
Energy Corporation (www.wisconsinenergy.com),
a component of the
S&P 500, has more than $12 billion
of assets, approximately 5,000 employees and 48,000 stockholders of record. ***end***
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