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Exhibit 99(c)
S T A T E O F M I C H I G A N
BEFORE THE MICHIGAN PUBLIC SERVICE COMMISSION
* * * * *
NOTICE OF HEARING
FOR THE CUSTOMERS OF
CONSUMERS ENERGY COMPANY
CASE NO. U-12505
* Consumers Energy Company may issue securitization bonds of
approximately $500,000,000 if the Michigan Public Service Commission
approves its request.
* CUSTOMERS WILL SEE NO INCREASE IN THEIR MONTHLY BILLS AS A RESULT OF
COMMISSION APPROVAL OF THIS REQUEST.
* The information below describes how a person may participate in this
case.
* You may call or write Consumers Energy Company, 212 West Michigan
Avenue, Jackson, Michigan 49201, 517.788.0224 for a free copy of its
application. Any person may review the application at Consumers'
offices.
* The public hearing in this matter will be held:
DATE: July 17, 2000
This hearing will be a prehearing
conference.
TIME: 9:00 a.m.
LOCATION: Michigan Public Service Commission
6545 Mercantile Way, Suite 7
Lansing, Michigan
PARTICIPATION: Any interested person may attend and
participate. Persons with disabilities
needing help to effectively participate
should call the Commission's Executive
Secretary at 517. 241.6160 or 800.292.9555 a
week in advance to request mobility, visual,
hearing or other assistance.
The Michigan Public Service Commission (Commission) will hold a
public hearing to consider Consumers Energy Company's (Consumers) July 5,
2000 application requesting authorization for the securitization of
certain of Consumers' regulatory assets and other qualified costs as
defined in 2000 PA 142 (Act 142). Act 142 requires the Commission to,
among other things, determine whether Consumers should be permitted to
reduce its debt and/or equity capitalization through securitization. The
application also requests the Commission to consider and decide what other
relief, if any, should be authorized for Consumers to implement
securitization.
Further, the application states that if the Commission approves the
application as filed, the company (1) will be permitted to securitize
approximately $470,000,000 of its regulatory assets and other qualified
costs estimated to be $30,000,000; (2) will use proceeds from
securitization for the purposes set forth in 2000 Public Acts 141 and 142,
including costs to issue, service and support the securitization bonds,
and to retire Consumers' debt and/or equity; and (3) will collect
securitization charges from its customers, as mandated by Act 142.
Act 142 requires this proceeding to be concluded 90 days from the
date of the application. To meet this requirement, the proceeding will
follow the schedule below:
July 5, 2000 Filing of application, testimony and exhibits
July 5, 2000 Discovery begins
July 14, 2000 Interventions due
July 17, 2000 Prehearing conference
August 2, 2000 Prefiled testimony and exhibits due from all
parties
August 9, 2000 Prefiled rebuttal testimony and exhibits due from
Consumers for filings made on August 2nd and from
other parties of each other
August 14-18, 2000 Cross-examination of all prefiled testimony
August 30, 2000 Simultaneous initial briefs due
September 6, 2000 Simultaneous reply briefs due
No later than
October 3, 2000 Commission order
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The Commission has selected this case for participation in its
Electronic Filings program. All documents filed in this case must be
submitted in both paper and electronic versions. An original and four
paper copies and an electronic copy in the portable document format (PDF)
should be filed with the Commission. Requirements for filing electronic
documents can be found in the Commission's Electronic Filings Users Manual
at: http://ermisbbs.cis.state.mi.us/efile/usersmanual.pdf. Contact
Commission Staff at 800.292.9555, 517.241.6170 or by E-mail at
[email protected] PRIOR TO FILING TO OBTAIN ACCESS PRIVILEGES
AND WITH ANY QUESTIONS.
Any person wishing to intervene and become a party to the case shall
file an original and four paper copies and an electronic copy in the
portable document format (PDF) of a petition to intervene with this
Commission by July 14, 2000. The proof of service shall indicate service
upon Consumers at Consumers Energy Company, Legal Department, 212 W.
Michigan Avenue, Jackson, Michigan 49201.
A member of the public who wishes to make a statement of position
without becoming a party to the case may participate by filing an
appearance. To file the appearance, you must attend the hearing and
advise the presiding administrative law judge of your wish to make a
statement of position.
A copy of Consumers' request may also be reviewed at the office of
the Commission's Executive Secretary, 6545 Mercantile Way, Lansing,
Michigan, and at the office of Consumers Energy Company, 212 West
Michigan, Jackson, Michigan. For more information on how to participate
in a case, you may contact the Commission at the above address or by
telephone at 517.241.6170 or 800.292.9555.
The Commission has jurisdiction pursuant to 1909 PA 106, as amended,
MCL 460.551 et seq.; MSA 22.151 et seq.; 1919 PA 419, as amended, MCL
460.51 et seq.; MSA 22.1 et seq.; 1939 PA 3, as amended, MCL 460.1
et seq.; MSA 22.13(1) et seq.; 1969 PA 306, as amended, MCL 24.201
et seq.; MSA 3.560(101) et seq.; 2000 PA 141; 2000 PA 142; and the
Commission's Rules of Practice and Procedure, as amended, 1992 AACS,
R 460.17101 et seq.
July 3, 2000
Lansing, Michigan
