DTE Energy to seek another electric rate increase after $242 million hike

robot
Abstract generation in progress

DTE Energy plans to seek another electricity rate increase in Michigan, just days after the Michigan Public Service Commission approved a $242 million hike. Attorney General Dana Nessel criticized the system for allowing utilities to request frequent increases, while DTE argues that investments improve reliability and keep bills relatively low. A proposed bill aims to extend the period between rate increase applications to three years, but utilities like Consumers Energy contend that annual adjustments help manage costs more effectively.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin