Michigan panel approves $217.4 million electricity rate increase

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 residential bill.


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Michigan Panel Approves $217.4 Million Electricity Rate Increase

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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 residential bill.

msn.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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Higher Customer Bills On Tap As DTE Gets Approval For $217.4 …

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Jan 23, 2025  · The parts of DTE's request that the MPSC approved include: An increase of $87 million, from $409.5 million to $496.5. million for 2019-25, to trim trees and other vegetation …

detroitnews.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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DTE Electricity Rate Hike Approved - What It Means For Customers

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Jan 24, 2025  · The Michigan Public Service Commission (MPSC) approved a $217.4 million rate increase for DTE Energy. DTE says a rate increase caused by this hike will be offset by a $5 …

fox2detroit.com

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

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Jan 24, 2025  · Michigan regulators approved a $217 million electric rate hike for DTE Energy Thursday, overshooting Michigan Attorney General Dana Nessel’s recommendation for a …

planetdetroit.org

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DTE Energy Gets Electric Rate Increase Of About 4.7% — Less Than …

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Jan 24, 2025  · The Michigan Public Service Commission has approved an electric rate increase for DTE Energy of about $217 million – noting the increase was 52% less than the utility’s …

wcmu.org

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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 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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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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Whitmer’s MPSC Approves $217M Rate Jump For DTE - Now At …

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Jan 24, 2025  · The Michigan Public Service Commission ignored recommendations from Michigan Attorney General Dana Nessel on Thursday to unanimously approve a $217.4 million …

themidwesterner.news

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

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Jan 24, 2025  · The Michigan Public Service Commission unanimously granted DTE an annual revenue increase of $217.4 million, its second electric rate hike in a little more than a year. …

patch.com

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MI PSC Approves About $217 Million Rate Increase For DTE Electric

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Jan 24, 2025  · The Michigan Public Service Commission on Jan.23 approved a rate increase of approximately $217.4 million for DTE Electric, about 52 percent lower than the utility’s initial …

enerknol.com

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MPSC Authorizes $217,380,000 In Additional Revenue For DTE …

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Jan 23, 2025  · The increase approved today represents a 52% reduction from DTE Electric’s initial request to raise rates by $456.4 million. A typical residential customer using 500 kWh a …

michigan.gov

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

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2 days ago  · Michigan’s other energy monopoly, DTE, received permission Jan. 23 from the Michigan Public Service Commission to raise rates by $217.38 million. News of the increase …

michigancapitolconfidential.com

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DTE Energy’s New $217 Million Rate Hike To Help Clear Trees And …

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Jan 30, 2025  · DTE Energy, a major utility company in Michigan, has announced a significant rate hike that is expected to improve service reliability by addressing the issue of fallen trees …

carolinacurtaincall.com

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Michigan Commission Approves $217 Million Electricity Rate Hike …

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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 afte Michigan commission …

newsbreak.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

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DTE Energy Hits Customers With $217 Million Rate Increase

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Jan 26, 2025  · The Michigan Public Service Commission recently gave the green light to a rate hike proposed by DTE Energy totaling $217.4 million. This increase means that customers …

personalized.energy

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DTE Energy Appoints Casey Santos To Board Of Directors - MSN

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The Michigan Public Service Commission (MPSC) approved a $217.4 million revenue increase for DTE Energy, as reported by BMO Capital, which subsequently lifted the company's stock …

msn.com

FAQs about Michigan panel approves $217.4 million electricity rate increase 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. ...

How does the MPSC decide on a rate increase?

Their deliberations on rate increases take place behind closed doors before their decisions are presented at public meetings. 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 residential 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.) ...

Will DTE Energy's Power Bill hike be mitigated?

DTE Energy is continuously improving our operations and driving down costs to keep energy affordable." DTE argued the hike will be mitigated because of its "recent customer monthly bill reduction in the power supply cost recovery factor (PSCR)," believing that "customers will not experience an increase in their monthly bills." ...

How much did DTE pay for a portable generator?

Funding the portable generator program, which provides generators to vulnerable customers during outages. 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 from the $622 DTE had requested. ...

How much does a DTE rate increase cost?

The increase, which is not quite half as big as the $456.4 million DTE initially requested in March 2024, is needed to further step up tree trimming and improve the reliability of the system, the three commissioners said in unanimously approving a rate increase that takes effect Feb. 6. ...

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