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

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.