LANSING, Mich. (Michigan News Source) – Consumers Energy is seeking another rate hike, this time with a $456 million price tag.
The utility filed the request with the Michigan Public Service Commission (MPSC) and, if approved, would kick in next April. Company officials point to electric grid upgrades as the reason for the rate hike. In addition, they say it would go towards reducing the number and length of power outages.
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The typical home would see a roughly 9% increase on their bill, according to Consumers Energy. A hearing is slated for June 30, and the 3-member MPSC has 10 months from the date of the application to make a final decision.
The request is expected to face scrutiny from customers and the state’s top consumer advocate. According to Attorney General Dana Nessel’s office, the MPSC has approved $800 million in rate increases for Consumers Energy in the past six years. That includes approval of a $217 million increase just months ago, the office said.
Nessel said, “Consumers Energy and DTE keep demanding more and more money, the MPSC continues to reward their incessant demands, and the cycle of constant, growing rate hikes are pushing Michigan families and businesses to the brink.”
