AG
AG Nessel Involvement in U.P. Acquisition Case Secures Needed Relief for Electric Customers
AG Nessel Involvement in U.P. Acquisition Case Secures Needed Relief for Electric CustomersContact: Lynsey Mukomel 517-599-2746Agency: Attorney General
June 3, 2021
LANSING - A successful acquisition of an Upper Peninsula electric company has resulted in additional benefits for thousands of customers after Michigan Attorney General Dana Nessel intervened.
At a meeting last week, the Michigan Public Service Commission (MPSC) approved a settlement that allowed Axium UP Holding (Axium) to acquire ownership of the Upper Peninsula Power Company (UPPCO).
In its initial application for acquisition, Axium committed that: