Marquette, MI – (Great Lakes Radio News) – U.S. Senator Debbie Stabenow and Congressmen Dan Benishek and Gary Peters have introduced legislation requiring additional oversight by the Federal Energy Regulatory Commission, allowing the agency to stop a pending $100 million annual electric rate increase for U.P. consumers.
Senator Stabenow called in to the SUNNY Morning Show with Walt & Mike today to discuss the legislation.
Stabenow says the bipartisan measure, known as the POWER Act, was put forth following a recent decision by the North American Electric Reliability Corporation forcing U.P. consumers to pay for 99 percent of the operational costs of the Presque Isle Power Plant in Marquette.
Stabenow said the act would require the F-E-R-C to review, analyze, and disapprove any NERC decision calling for unreasonable rate increases in the region and provides the agency a direct path to overturn unfair cost shifts resulting from NERC actions.