Consumers Energy announces new electric rate hike request
LANSING, Mich. (WILX) -Consumers Energy announced a new electric rate hike request, exactly one week before the next rate hike takes effect.
Consumers announced it requested a rate hike before the Michigan Public Service Commission on Friday, March 28.
A utility company can only file one rate hike request every 12 months. The current application would come exactly 366 days after their last application.
The last rate hike was approved on March 21, with the MPSC approving a $154 million hike.
It’s currently unknown how much money Consumers will request. A summary of the request is expected to be filed before the end of June.
Previously, Consumers requested an 8% hike in 2024 and a 5% hike in 2023.
“By allowing Consumers Energy and DTE to file a new rate hike every twelve months, the State is allowing these billion-dollar businesses to ask for more and more before anyone can even gauge the impact of the previous rate hike,” said Nessel in a press release. “Meaning they’re back asking for more money before anybody knows if their proposed investments made any difference in reliability or affordability for customers.”
WILX has reached out to Consumers Energy for comment and is waiting for a response.
Many are still in the dark over 48 hours later, with more storms expected the following day.
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