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

Dec 1, 2023  · DTE Electric’s last rate increase was granted in November 2022, when the MPSC approved a $30,557,000 increase, a 90% reduction from the $388 million the utility had …


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

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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, a 90% reduction from the $388 million the utility had …

michigan.gov

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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 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 …

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NEWS RELEASE - Salesforce

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MPSC approves $368M rate increase for DTE Electric Co. to fund utility’s reliability upgrades . The Michigan Public Service Commission today approved a $368 million rate increase for …

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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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MPSC Approves $368 Million Rate Increase For DTE - MITechNews

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Dec 5, 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 …

mitechnews.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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MPSC Approves $217 Million Electricity Rate Hike For DTE Energy

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Jan 26, 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 …

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MPSC Approves $368M DTE Rate Increase | Reliable Energy

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MPSC Approves $368M DTE Rate Increase “(MPSC) The Michigan Public Service Commission today approved a $368 million rate increase for customers of DTE Electric Co., a reduction of …

reliableenergy.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 …

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Michigan Public Service Commission Approves DTE Energy Rate …

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Dec 1, 2023  · The Michigan Public Service Commission (MPSC) has approved a rate increase for DTE Electric Company, reducing the utility's initial request from $622m to $368m. DTE had …

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MPSC Approves $30.5M Rate Increase For DTE Electric Co. - State Of …

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Nov 18, 2022  · DTE Electric and MPSC Staff also participated in the proceeding. DTE Electric’s most recent previous rate increase was in May 2020, when the MPSC approved a $188 million …

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MPSC Approves Much Smaller Rate Increase For DTE After Activists …

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Nov 21, 2022  · The Michigan Public Service Commission authorized last week DTE Electric Co. to implement a $30.6 million rate increase effective Friday — but that’s significantly less than …

michiganadvance.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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Regulators Reject 90% Of DTE’s Rate Increase Request After Intense ...

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The Michigan Public Service Commission approved a 0.78% rate increase, directed new action on community solar, solar tariffs, and low-income assistance enrollment. State regulators …

planetdetroit.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

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

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. ...

When was DTE Electric's last rate increase?

DTE Electric’s last rate increase was granted in November 2022, when the MPSC approved a $30,557,000 increase, a 90% reduction from the $388 million the utility had requested, for a total increase over a two-year period of 7.16%. Over this same two-year period, the US annual inflation rate averaged 6.4%. ...

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. ...

Why did the MPSC only approve a fraction of DTE's requests?

In the 606-page order, the MPSC laid out many reasons for only approving a fraction of DTE’s requests. Chief among them, according to its press release, was that residential customer bills provide the company with sufficient money to run its business, invest in clean energy, and upgrade the electric grid. ...

Why did DTE request a $388 million rate increase?

DTE Electric requested a $388 million rate increase in January to recover increased investments in its generation and distribution systems, aimed at improving safe and reliable electric service to its 2.3 million customers in southeast Michigan. ...

Why did the MPSC reject DTE?

The MPSC also rejected DTE's bid to recover from rates the cost of certain credits the company is required to pay customers after extended power outages. ...

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