Michigan’s 2 biggest utilities push rate increases
Jul 21, 2015 at 11:11 AM
The Michigan Public Service Commission on Thursday authorized Detroit Edison to increase its electric rates by $174.9 million annually, raising customers’ bills by 1.5 percent starting Oct. 29. The utility had asked to increase rates by $443 million, or 4 percent, but the commission said that wasn’t justified.
Consumers Energy wants to raise its electric rates by $195 million and is awaiting the commission’s ruling. The commission must act by Dec. 8 or Consumers can implement the rate increase.
June data from the U.S. Energy Information Agency shows that Michigan electric customers already pay more than customers in Indiana, Illinois, Ohio and Wisconsin.