Approved return on equity: 9.9%
Approved overall rate of return: 5.41%
Approved revenue requirement increase: $84.17 million
Approved residential rate increase: 9.75%
Requested return on equity: 10.25%
Requested overall rate of return: 5.59%
Requested revenue requirement increase: $157 million
Requested residential rate increase: 11.1%
Time period: Jan. 1 – Dec. 31, 2022
Here are a few things we think are important for you to know about this case if you are a DTE Gas customer:
- The residential rate increase initially proposed by DTE Gas is 2.8% higher than the 8.3% increase requested in the company’s last rate case, although only a 3.9% increase was ultimately approved by regulators.
- The 11.1% proposed rate increase for residential customers is lower than the overall 12.3% rate increase requested by DTE Gas.
- DTE Gas describes the revenue increase as “driven by the Company’s continued infrastructure investment and increasing operations and management costs. The plan, if approved, will support DTE Gas’s increased investment in its natural gas infrastructure across the state of Michigan, including the continued modernization of its natural gas distribution and transmission systems, which will help ensure the continued safe and reliable delivery of natural gas to customers.”