Finally, at the August 25, 2009 meeting of the Michigan Public Service Commission in Lansing, Michigan:

On March 30, 2009, MichCon filed an application, with supporting testimony and exhibits, requesting that the Commission approve its UETM computation of $86.9 million and proposed surcharges and its report regarding its S&T related expenditures for 2008.

Administrative Law Judge Mark E. Cummins [[ALJ) conducted a prehearing conference on May 21, 2009. At that time, Attorney General Michael A. Cox [[Attorney General) was recognized as an intervenor. The Commission Staff [[Staff) also participated in the proceeding. On August 12, 2009, the Attorney General’s motion to withdraw as an intervenor was granted.

Subsequently, MichCon and the Staff submitted a settlement agreement resolving all issues in the case.

According to the terms of the settlement agreement, attached as Attachment A, the parties agree that MichCon’s filing represented an accurate depiction of the company’s 2008 uncollectible expenses and an accurate calculation of the UETM surcharge. Given current economic conditions, MichCon agrees to moderate the impact of the UETM on customers by implementing the UETM surcharge over a 15-month time frame—rather than the 12-month time frame contemplated in its filing. MichCon further agrees to implement the UETM surcharge beginning September 1, 2009, if the Commission issues an order approving the settlement agreement by August 25, 2009.

After review of the settlement agreement, the Commission finds that its terms are reasonable, and that its approval is in the public interest.

THEREFORE, IT IS ORDERED that:

A. The settlement agreement, attached as Attachment A, is approved.
B. Michigan Consolidated Gas Company’s application to revise its uncollectibles expense true-up mechanism surcharges is granted. The new surcharges shall apply to services rendered beginning on September 1, 2009 as reflected on the tariff sheet attached to the settlement agreement as Attachment 1.
C. etc

Any party desiring to appeal this order must do so in the appropriate court within 30 days after issuance and notice of this order, under MCL 462.26.