MPSC approves $368M rate increase for DTE Electric Co. to fund …

Dec 1, 2023  · The Michigan Public Service Commission today approved a $368 million rate increase for customers of DTE Electric Co., a reduction of more than 40% from the $622 million rate increase the company initially requested to fund its planned infrastructure investments to …


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MPSC Approves $368M Rate Increase For DTE Electric Co. To Fund …

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Dec 1, 2023  · The Michigan Public Service Commission today approved a $368 million rate increase for customers of DTE Electric Co., a reduction of more than 40% from the $622 million rate increase the company initially requested to fund its planned infrastructure investments to …

michigan.gov

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Michigan Panel Approves Electricity Rate Increase For DTE Energy

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Jan 23, 2025  · In 2024, the MPSC approved a $368.1 million electricity rate increase for DTE Energy, one that the commission said would result in a $6.51 increase in the average monthly …

freep.com

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DTE Energy Electric Rate Hike Approved: What It Means For Your Bill

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Jan 24, 2025  · DTE Electric’s last electric rate increase was in December 2023, when the commission approved a $368 million increase, costing the average residential customer about …

patch.com

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Michigan Regulators Approve $368M Rate Hike On DTE Customers

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Dec 1, 2023  · “It’s worth noting that approximately one year ago, the commission approved only a very small increase in DTE’s rates – a 0.78 percent increase for an average residential …

mlive.com

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DTE Energy Approved For $368 Million Electric Rate Hike

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Dec 4, 2023  · DTE Energy won approval from Michigan regulators to increase electricity rates by $368 million. ... DTE Energy approved for $368 million electric rate hike. By: Kevin Craft.

abc12.com

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State Utility Regulators Approve Electricity Rate Hike For DTE Energy

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Dec 1, 2023  · Delta Township — The Michigan Public Service Commission on Friday approved a $368 million electric rate increase for DTE Energy customers for the coming year, about 60% …

detroitnews.com

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Michigan Public Service Commission Approves Rate Hike For …

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Dec 1, 2023  · The commission also approved an additional $2 million in funding for DTE Electric’s pilot project to provide $1,500 rebates for income-eligible households for the purchase of …

wxyz.com

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DTE Gets Approval For $217M Electricity Rate Increase. Here’s What …

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Jan 24, 2025  · DTE’s last rate increase was in December 2023, according to a release from the commission, when regulators approved a $368 million increase. This was a 40% decrease …

clickondetroit.com

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DTE Rate Increase To Add $6.51 To Average Monthly Bill In Michigan

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Dec 1, 2023  · LANSING — The Michigan Public Service Commission on Friday approved a $368.1 million electricity rate increase for DTE Energy, one that the commission said will result …

freep.com

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Michigan Greenlights DTE Rate Hike; Monthly Bills To Rise By $4.61

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Jan 26, 2025  · DTE Electric’s last rate increase was in December 2023, when the MPSC approved a $368 million increase, a 40% reduction from the $622 million the utility sought.

michigansthumb.com

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Michigan Commission Approves $217 Million Electricity Rate Hike …

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Jan 25, 2025  · The approval comes more than a year after MPSC granted DTE a $368 million increase in December 2023. With the rate hike, DTE customers using 500 kWh can expect to …

wwmt.com

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What Newly Approved DTE Electric Rate Hike Means For Your …

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Dec 1, 2023  · DTE Electric’s last rate increase was granted in November 2022, when the MPSC approved a $30,557,000 increase. It accounted for, on average, a 71-cent increase in …

clickondetroit.com

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MPSC Approves $217 Million Electricity Rate Hike For DTE Energy

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Jan 26, 2025  · LANSING – The Michigan Public Service Commission approved a $217.4 million electricity rate hike for DTE Energy on Thursday. The approval comes more than a year after …

mitechnews.com

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Michigan Energy Companies Pocket $14B In Loans From Feds After …

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2 days ago  · DTE Energy was approved for a $368 million increase in electric rates on Dec. 1, 2023. A month earlier, regulators approved a $113.79 million increase for natural gas service …

michigancapitolconfidential.com

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DTE Energy Gets $217 Million Electric Rate Hike Approval – Planet …

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Jan 24, 2025  · Nessel says frequent rate hike requests an “abuse” of the system. The most recent rate hike follows the approval of a $368 million electric rate increase in 2023 and widespread …

planetdetroit.org

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DTE Energy Rate Hike Approved By Michigan State Commission

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Jan 27, 2025  · State regulators approved another DTE rate hike Thursday, the first since a $368 million hike in December 2023.. Why it matters: The average customer's monthly electric bill …

axios.com

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DTE Energy Seeks $450 Million Annual Hike In Electric Rates

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Apr 23, 2024  · DTE Energy approved for $368 million electric rate hike By: Kevin Craft DTE's $368 million electric rate increase, which took effect in December, is costing average …

abc12.com

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DTE Energy's $217M Rate Hike Approved By State Commission - MSN

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State regulators approved another DTE rate hike Thursday, the first since a $368 million hike in December 2023. Why it matters: The average customer's monthly electric bill will increase …

msn.com

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DTE Profits Soar As Customers Face Shutoffs | DCReport.org

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3 days ago  · The report notes that DTE rate increases added $774 million in costs to customers between 2015 and 2019. Further increase followed with a $368 million rate hike in 2023 and …

dcreport.org

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DTE Energy Cuts Off Thousands Of Customers During Rate Increases ...

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2 days ago  · The report notes that DTE rate increases added $774 million in costs to customers between 2015 and 2019. Further increase followed with a $368 million rate hike in 2023 and …

planetdetroit.org

FAQs about MPSC approves $368M rate increase for DTE Electric Co. to fund … Coupon?

Will DTE increase electricity rates this year?

LANSING — DTE Energy can increase its electricity rates by $217.4 million this year, which is expected to hike the typical residential bill by about $4.61 per month, the Michigan Public Service Commission ruled Thursday. ...

Will a DTE rate hike affect Michigan's electric bill?

State regulators approved another DTE rate hike Thursday, the first since a $368 million hike in December 2023. Why it matters: The average customer's monthly electric bill will increase $4.61, or 4.65%, beginning Feb. 6, per the Michigan Public Service Commission. ...

How much will a DTE rate increase cost Michigan?

FOX 2 (WJBK) - The Michigan Public Service Commission approved a $368 million rate increase for customers of DTE Electric Co. on Friday. Today’s approval of a $368,115,000 rate increase, a typical residential customer who uses 500 kilowatt hours of electricity per month will see an increase of $6.51, or 6.38%, on their monthly bill. ...

Does DTE get approval for $217m electricity rate increase?

DTE gets approval for $217M electricity rate increase. Here’s what that means for residents DTE gets approval for $217M electricity rate increase. Here’s what that means for residents FILE- DTE crew member upgrading the utility company's systems. (Copyright 2024 by WDIV ClickOnDetroit - All rights reserved.) ...

How will DTE's new electricity rates work in Michigan?

The new rates will be effective Dec. 15 for DTE's 2.3 million electricity customers in southeast Michigan and the Thumb area. Electricity bills for the typical residential customer will increase 6.4%, according to the Michigan Public Service Commission, a state panel that regulates utility giants DTE and Consumers Energy. ...

How much will DTE's new electricity rate increase cost you?

With today’s approval of a $368,115,000 rate increase, a typical residential customer who uses 500 kilowatt hours of electricity per month will see an increase of $6.51, or 6.38%, on their monthly bill. The new rates will take effect Dec. 15. DTE requested a return on equity of 10.25% and a 50%-50% debt to capital structure. ...

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