Palisades contract may be terminated

Michigan Public Service Commissioners Norman Saari, Sally Talberg and Rachel Eubanks announce the decision Friday to allow Consumer’s Energy to terminate its power purchase agreement with Entergy when Palisades closes in 2018. The MPSC ruled Consumers is allowed to buy out the contract for $142 million instead of the requested $172 million.

LANSING — The future of Palisades still remains unclear as the Michigan Public Service Commission (MPSC) gave a ruling Friday that came with conditions.

The MPSC said Consumers Energy can buy out and terminate its power purchase agreement with Entergy Corp. for $142.1 million, about $42 million less than it had requested to buy out the contract.