Regulators approve $30.5M electric rate hike for DTE Energy - Danbury News Times

2 years ago 35

LANSING, Mich. (AP) — Michigan regulators person approved a $30.5 cardinal electrical complaint hike for DTE Energy customers that's little than 10% of the summation the inferior had sought.

The alteration volition instrumentality effect connected Nov. 25 and effect successful an summation of astir 71 cents monthly for a emblematic residential lawsuit who uses 500 kilowatt hours, the Michigan Public Service Commission said Friday. DTE Electric has astir 2.3 cardinal customers successful southeast Michigan.

The complaint hike is simply a fraction of the $388 cardinal summation the inferior had requested successful January successful its effort to modernize and amended reliability of the state’s vigor grid and electrical retention and procreation system, The Detroit News reported.

The committee said the largest origin successful its determination to o.k. a reduced complaint hike stemmed from disputed projections successful DTE Energy's income forecast “based connected changing patterns of residential energy arsenic Michigan moved beyond aboriginal restrictions successful spot during the COVID-19 pandemic.”

“The Commission recovered that, contempt DTE Electric’s erstwhile projections of declining electrical usage among its residential customers, residential electrical income surged successful 2020 and accrued again successful 2021, adjacent arsenic galore Michiganders returned to moving from their places of employment and resumed pre-COVID activities,” the committee wrote successful a quality release.

DTE Energy said Friday that the inferior is reviewing the commission's bid and that its efforts stay focused connected improving reliability and maintaining affordability for its customers.

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