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Oooh. I might get some money out of this then. Probably not a lot though.
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@squinko: My thoughts exactly. Although my dads place should qualify. He has been overcharged big time for years.
Oooh. I might get some money out of this then. Probably not a lot though.
@squinko: My thoughts exactly. Although my dads place should qualify. He has been overcharged big time for years.
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CE should have had read the newspaper before jumping like that. Now they are going to pay through the nose.
The refund will be on an American Express Gift Card.
Of course the card will cost you $5.00 outright along with balance check fees, atm withdrawl fees, monthly maintenance fees, a fee to pay for all the accountants creating these fees etc.
Huh. I was getting a Palisades credit on my bill for a while -- I thought that had been taken care of.
Would explain why my budget plan jumped $21/month last year, though.
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And what about the people who should get a refund, but moved away or lost their homes? Hmmmm?! I bet they don't refund people who have moved into those houses the full amount. They probably only get the refund since they moved in so the utility doesn't really refund to everyone they truly owe to. Definitely a plus for the utility.
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@SaraFimm: There is always that (federal?) \"Unclaimed Funds\" website that shows you if a company has tried to refund you $$ for any reason but couldn't find you.
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@SaraFimm: Exactly, this is just like those class action settlments where people actually recover a small percentage of the actual settlement.
They should build a rule into these settlements that unrecovered amounts need to be paid to a charity or given to low income customers in the form of free power.
@ARP: Actually, the utility will have to give back every penny, with interest, and will not get to keep any amounts. I'm not certain how they are refunding this but if they are doing a customer specific refund, they would have to escheat any amounts that were not paid out to the state.
$39 Million/(10 Million population of MI/2.51 people per household, average) = about $10 each household. Don't spend it all in one place.
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@ilovemom: i don't know for sure, but i'd guess that they also have business customers - those probably take up a decent percentage of Consumer's Energy's customer's (i think that's grammatically correct) annual energy usage.
(let's see... Consumer's Energy's customer (showing possession) customer's energy (showing possession again)... looks good!)
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@ilovemom: Don't know their respective territories, but DTE also exists here... which is why I won't see any of these Consumer's Energy refunds.
Do they actually have to cut checks back to the customers? Or do they get to do the scam where they hold their money and the accounts just have a negative balance for years?
@FatLynn: Probably a bill refund.
@FatLynn: Yup, a bill refund. It's supposed to be 1.25%, whatever that is. 1.25% of what? The gas we've used since May? Gas plus the extra fees added on top (I'm dreaming here)? Whatever it is, I'm sure it will end up being peanuts.