MPSC approves $368M rate increase for DTE Electric ... - State of …

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 ... - State Of …

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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 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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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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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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Michigan Commission Approves $217 Million Electricity Rate Hike …

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Jan 25, 2025  · 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 MPSC granted …

wwmt.com

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DTE Energy Approved For $368 Million Electric Rate Hike

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Dec 4, 2023  · According to the Michigan Public Service Commission, a typical residential customer who uses 500 kilowatt hours of electricity per month will see an increase of 6.38% or …

abc12.com

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DTE Gets Approval For $217M Electricity Rate Increase

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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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Public Service Commission Approves DTE Rate Hike Requested For ...

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Dec 4, 2023  · The Michigan Public Service Commission on Friday approved a $368 million rate increase for DTE Energy that is set to take effect on Dec. 15. According to a statement from …

michiganadvance.com

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Michigan Public Service Commission Approves Rate Increase For …

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Dec 2, 2023  · With the approval of the $368,115,000 rate increase, a regular residential customer who uses 500-kilowatt hours of electricity per month will see an increase of $6.51, or 6.38%, …

cbsnews.com

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MPSC Approves DTE Rate Hike, But Slashed It By Nearly 60% - WNEM

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Nov 8, 2024  · The Michigan Public Service Commission approved less than half of DTE’s initial rate increase request of $266 million, saving customers more than $150 million.

wnem.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 $30.5M Rate Increase For DTE Electric Co.

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We Want Green, Too; Zeco Systems Inc.; and EVgo Services LLC. DTE Electric and MPSC Staff also participated in the proceeding. DTE Electric’s most recent previous rate increase was in …

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What The DTE Energy Rate Increase Means For Your Energy Bill

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Dec 1, 2023  · The Michigan Public Service Commission approved another rate increase for DTE Energy on Friday, following the panel’s approval of a $30.5 million increase last year. The …

wdet.org

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DTE Gets $30.5M Rate Increase Approved By Michigan Public …

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Nov 18, 2022  · The Michigan Public Service Commission approved a $30.5 rate increase for DTE on Friday, which was 10% of what the company had asked for when it sought a $388 million …

fox2detroit.com

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Michigan’s DTE Energy Rate Hike: What You Need To Know

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On January 23, 2025, state regulators approved a $217.38 million increase in DTE Energy’s rates, granting less than half of the utility’s original request. For the average residential customer …

lowerebill.com

FAQs about MPSC approves $368M rate increase for DTE Electric ... - State of … Coupon?

Does DTE Electric have a rate increase in Michigan?

LANSING, MICH. (CBS DETROIT) - A $368 million rate increase for customers of DTE Electric Co. was approved Friday by the Michigan Public Service Commission. It's a reduction of more than 40% from the $622 million rate increase the company first requested to fund its planned infrastructure investments. ...

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. ...

Why did the Commission approve funding for DTE Electric?

The Commission also approved funding for the company’s strategic capital program to improve reliability and modernize the grid. Noting safety issues with abandoned arc wire in Detroit, the Commission approved funding for DTE Electric’s efforts to harden the city’s 4.8 kV grid. ...

Why did DTE get a 10% rate increase?

The Michigan Public Service Commission approved a $30.5 rate increase for DTE on Friday, which was 10% of what the company had asked for when it sought a $388 million rate increase in January. Throughout the summer and fall, DTE was taken to task for the rate increase as hundreds of thousands of consumers lost power again this year during storms. ...

How much will DTE's Electric bill increase cost you?

The increase will cost the average residential customer about $6.51 more per month on their electricity bill, state utility regulators said. But DTE argued the impact on customers' bills will be offset by more than half because of other recent cost savings realized by the company. ...

What is the inflation rate for DTE Electric?

Over this same two-year period, the US annual inflation rate averaged 6.4%. DTE Electric serves 2.3 million customers in southeast Michigan. DTE requested a return on equity of 10.25% and a 50%-50% debt-to-capital structure. ...

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