Michigan Cuts PPA Buyout Financing Request
Palisades nuclear power plant in Michigan plans to continue operations through spring 2022.
In a rate case before the Wisconsin Public Service Commission involving three affiliated energy utilities, the commission somewhat reluctantly accepted a proposed stipulation under which an existing rate moratorium would be extended for another two years. However, the commission made clear that it had certain misgivings about the rate freeze, in that it in essence means that ratepayers could face significant rate shock once the utilities' respective revenue requirements are trued up down the road.