Michigan PSC Approves $27M Rate Increase for Electric Customers of Consumers Energy, 88% Lower Than Company Sought
December 23, 2021
December 23, 2021
LANSING, Michigan, Dec. 23 -- The Michigan Public Service Commission issued the following news release on Dec. 22, 2021:
The Michigan Public Service Commission today approved a substantially reduced rate increase of $27,118,000 for Consumers Energy Co.'s electric operations, a nearly 88% reduction from the $225 million the utility had originally requested (Case No. U-20963). The rates approved today include a $27.2 million reduction in depreciation costs that were agreed to by . . .
The Michigan Public Service Commission today approved a substantially reduced rate increase of $27,118,000 for Consumers Energy Co.'s electric operations, a nearly 88% reduction from the $225 million the utility had originally requested (Case No. U-20963). The rates approved today include a $27.2 million reduction in depreciation costs that were agreed to by . . .