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.
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.