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Why Michigan’s electric deregulation law is<br />
bad for us and bad for you.<br />
We’ve been responsible to<br />
the people of Michigan for over a<br />
hundred years. And in all that time<br />
we’ve never cried wolf. But now the<br />
wolf is at the door. Because of flaws<br />
in the electric deregulation law,<br />
Public Act 141, out-of-state companies<br />
are coming in, snatching up the<br />
biggest electricity customers and<br />
leaving the rest of us to pay the price<br />
to keep the entire system running.<br />
These outside companies<br />
don’t care about homeowners or<br />
small businesses. There’s not<br />
enough profit there. In<br />
fact, the law says<br />
out-of-state suppliers<br />
don’t<br />
have to serve<br />
low-income customers or senior citizens<br />
or first-time homebuyers or people<br />
out in rural areas. We do serve<br />
them, of course, we always have.<br />
PA 141 says we must cover<br />
the entire cost of the electric system—all<br />
the power plants, a million<br />
utility poles, 42,000 miles of power<br />
lines—and all the people who make it<br />
work. The out-of-town suppliers don’t<br />
contribute fairly to the maintenance<br />
and upgrading of the system. That<br />
remains our responsibility. The reliability<br />
of that system is at serious<br />
risk. The only way<br />
we can properly<br />
support and sustain<br />
the electric<br />
system<br />
is to make up for the loss of revenue<br />
by increasing rates to homeowners<br />
and small businesses. We’re talking<br />
about rate hikes of up to 30%. Is that<br />
fair to you? No. But our hands are<br />
tied. It could come to a rate increase<br />
or a very real energy crisis.<br />
Michigan’s electric deregulation<br />
law was meant to stimulate competition,<br />
give everyone a choice and<br />
keep electricity affordable. It’s done<br />
none of those things.<br />
As the law stands, it just isn’t<br />
fair, not to you and not to us. It needs<br />
to be fixed. Help us change a law that<br />
simply doesn’t work. Log on to<br />
dteenergy.com and find out how you<br />
can help keep energy reliable and<br />
affordable for everyone.<br />
Anthony F. Earley, Jr.<br />
Chairman and CEO<br />
DTE Energy and Detroit Edison<br />
<strong>MARCH</strong> <strong>2004</strong> CHALDEAN NEWS 29