Attorney General Nessel helps DTE customers save more than $250 million - WWMT-TV
Attorney General Nessel helps DTE customers save more than $250 million | WEYI
LANSING, Mich.— Attorney General Dana Nessel helps decreases rate interest for DTE customers.
The Michigan Public Service Commission has authorized DTE Electric Company to implement $368 million rate interest; which will be effective December 15th, 2022.
This rate interest is 40% lower than the company's originally filled interest rate of $622 million.
DTE filed the rate increase case in February 2023 , requesting increased customer rates for numerous projects.
Residential customers would have seen an increase of approximately 14% to 19%.
Attorney General Nessel said in a statement:
“When this case was filed, I noted that it was the largest requested increase my office has ever seen and that my team would review it with a fine-tooth comb to make sure customer interests are protected. That is exactly what we did, and today’s Commission order validates the extensive work my office did in an attempt to limit any rate increase to reflect reasonable expenditures. “While I am pleased the Commission limited the increase, I recognize that $368 million is still a tremendous rate increase and is too high for many ratepayers especially right before the holidays. I will remain a vocal proponent for the interests of utility customers and urge the Legislature to pass measures compelling DTE to demonstrate this money is being utilized to ensure more reliable service and not to enrich its shareholders. “In this case, I also requested that the Commission adopt strong metrics and benchmarks to hold DTE accountable for poor electric reliability. I am disappointed that this was not adopted, and I hope the Commission adopts these metrics in its currently pending workgroup. Failing that, I hope the Legislature will intervene and adopt these metrics through the legislative process.”
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