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EXHIBIT (99)(b)
NEWS RELEASE
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For Immediate Release For More Information, Contact:
December 2, 1999 Kevin Korpi, (517) 371-7673
Chuck Hadden, (517) 487-8550
MOMENTUM BUILDING FOR ELECTRIC RESTRUCTURING
LEGISLATION IN MICHIGAN, REPORT MICHIGAN
CHAMBER OF COMMERCE, MICHIGAN MANUFACTURERS
ASSOCIATION
JOB PROVIDERS STEP FORWARD TO URGE LEGISLATIVE ACTION
(LANSING, MICHIGAN) -- The Michigan Chamber of Commerce, Michigan Manufacturers
Association, a large diverse customer coalition (Citizens for Power &
Reliability), and the industrial group ABATE, strongly support introduction and
subsequent legislative approval on proposed electric restructuring legislation.
The group compliments the leadership of Senator Mat Dunaskiss, who recently
released draft legislation that provides an excellent framework for electric
competition. This legislative framework will benefit all of Michigan's citizens
with better service and more choices at lower cost.
"The new comprehensive proposal presented by Senator Dunaskiss
provides a truly historic opportunity to resolve the debate and move Michigan
forward to a new competitive era," said Jim Barrett, President and CEO of the
Michigan Chamber of Commerce. "This proposed legislation supports the recent
findings of an EPIC-MRA poll on Michigan that overwhelmingly shows residents and
businesses want legislation to allow customers to choose their electric
supplier."
In response to Senator Dunaskiss' call for comments on draft
legislation, more than 30 Michigan employers, small and large businesses,
manufacturers, trade organizations and utilities have indicated their support
for legislative action. "This proposal offers an opportunity to enact a
comprehensive, balanced and beneficial approach to implement competition and
improve Michigan's economic competitiveness," said John G. Thodis, President and
CEO of the Michigan Manufacturers Association.
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To date, 23 other states have taken steps to bring competition, along
with customer choice and enhanced reliability, to the electric marketplace.
"There is tremendous support in the business community for moving
forward," said Brent Stevenson, Regional Manager-Government Relations, Georgia
Pacific and co-chair of the Citizens for Power & Reliability. "We are pleased
with the growing interest on the part of the Michigan Legislature to address
this important issue in a constructive and comprehensive manner."
The growing list of Michigan employers and trade organizations who
support the introduction of electric restructuring legislation includes:
ABATE Mead
American Electric Power Michigan Chamber of Commerce*
Amway Michigan Electric Cooperative Assoc.
Associated Petroleum Industries of Michigan Michigan Electric & Gas Association
Champion International Corporation Michigan Grocers Association
Cleveland Cliffs, Inc. Michigan Independent Power Producers
Consumers Energy Michigan Manufacturers Association**
DaimlerChrysler Michigan Restaurant Association
Dow Chemical Michigan Retailers Association
Dow Corning National Steel
First Power LLC Nordic Electric
Ford Motor Company North Star Steel/Cargill
General Motors Corporation Packaging Corporation of America
Georgia Pacific Perrigo
Grand Rapids Area Chamber of Commerce PG& E Corporation
Guardian Primary Power
Lear Corporation Saginaw Chamber of Commerce
Marathon Ashland Petroleum LLC Spartan Stores
*The Michigan Chamber of Commerce represents approximately 7,000 businesses,
local chambers of commerce, and trade associations. With members of every size
and type in all 83 Michigan counties, the Michigan Chamber represents a
broad-cross section of the state's economy.
**The Michigan Manufacturers Association represents 4,000 businesses and
corporations throughout the state, which collectively employ 90 percent of
Michigan's workforce.