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(AMM) ArcelorMittal Pa. plants part of utility flap

September 02, 2010 - 19:42 GMT Location: PITTSBURGH

KEYWORDS: ArcelorMittal USA , regulators , energy , Peco , Exelon

A group of energy consumers and Pennsylvania manufacturers, including steelmaker ArcelorMittal USA, have banded together in a petition asking regulators to review whether they were overcharged by state utility providers.

The petition claims that Philadelphia-based electricity and natural gas utility Peco, a subsidiary of Exelon Corp., overcharged customers by some $12 billion since electric deregulation began more than 10 years ago. Peco claims the petition seeks to overturn a previously reached payment settlement.

Peco denies the allegations of overcharging and called the petition "unlawful."

"Peco's stranded cost recovery was the result of extensive litigation negotiations and...

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