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Utilities want to pass on costs of tighter security.(News)
Crain's Detroit Business, November, 2002 by Lane, Amy
Byline: Amy Lane Southeast Michigan's largest utilities expect to spend more than $25 million to boost security in the wake of 2001's terrorist attacks, and they want business and residential customers to pick up the tab. The Detroit Edison Co. said it expects to spend up to $20 million through 2003, and Consumers Energy Co.
said it has spent about $8 million to date. The companies hope to recoup these and other terrorism-related security costs through 2005 from a rate increase they could seek under fast-moving state Senate bills. The bills would allow electric utilities such as Detroit Edison and Consumers to seek a terrorism-related exception to a rate freeze imposed in 2000 under Michigan's electric-restructuring law. But a coalition of large...
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