The proposed transfer is the first step in Consumers Energy’s plan to sell or transfer control of its transmission business to a party which meets the requirements of FERC Order 2000. Michigan Public Act 141, the electric industry restructuring legislation signed by Governor Engler in June, requires that investor-owned Michigan utilities sell or transfer control of their transmission systems to an independent organization by the end of next year. After the transfer is completed, Consumers will function solely as a generation and distribution company taking service from Michigan Transco under FERC-approved transmission tariffs.
By D.R. STEWART
World Staff Writer