The Michigan Public Service Commission said Thursday it has approved annual rate increases of $118.5 million for electricity and $16 million for natural gas by Jackson-based Consumers Energy Co.
The electric figure is less than the $195 million rate increase request by Consumers and represents a $4.28-per-month jump for residential customers who use 500 kilowatt-hours of electricity a month
The rates are 3.3 percent higher than the previous electric rate case.
The gas figure is less than a $23 million hike the company put in effect in March. Detroit News
Categorized | Energy, News of Note
Rate hikes approved for Consumers Energy
Posted on 08 June 2012 by Terry
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June 8th, 2012 at 12:58 pm
Interesting as there is a worldwide glut of natural gas and prices have falling for the last several years…yet, DTE says they are increasing their prices to consumers.