| Iron Mountain: IRON MOUNTAIN - We Energies customers in Michigan will be paying up to 33 percent more on their energy bills in 2010 due to the $2.3 billion construction of two new generating units. The company filed a rate increase request with the Michigan Public Service Commission on Thursday. Roman Draba, vice president of regulatory affairs at We Energies, said that between 16 and 17 percent of the increase will be in effect for January, but additional rate increases need to be approved by the public service commission first.
...snip... Draba explained that the "main driver" of the rate increase is the construction of two 615-mega-watt, coal-fueled generating units at Elm Road Generating Station in Oak Creek, Wis. Construction on the project began in 2005 and is scheduled for completion in December.
I just became aware of this, but it's worth thinking about while also remembering that the construction of the other proposed coal plants likewise will get passed right along to customers. |
