As an offshoot of the recent state deregulation, two Michigan utilities, Consumers Energy, the principal subsidiary of CMS Energy Corp., and Detroit Edison Co. are set to file with the Michigan Public Service Commission petitions for securitization.

Consumers Energy is asking for $700 million while Detroit Edison is requesting $2 billion. The amounts are to be decided by the Commission, which is given by law a 90-day time frame to come up with a financing order. Both securitizations are anticipated for the end of the year.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.