Approved return on equity: 9.8% Approved overall rate of return: 5.8% Approved revenue requirement increase: $113.78 million Approved residential class rate increase: 2.28% Requested return on equity: 10.25% Requested overall rate of return: 6.04% Requested revenue requirement increase: $266 million Requested residential class rate increase: 9% Time period: Oct. 1, 2024 – Sept. 30, 2025
DTE Gas Rate Case U-21291 (2024) Read More »
The new Utility Performance Report for 2023 is the latest edition of CUB’s annual series reporting federal data on how Michigan electric and gas utilities stack up to utilities around the country on performance on key reliability, affordability and environmental metrics (Blog posts here and here provide some interesting detail about last year’s report). This year’s report stands out for two
CUB of Michigan Releases 2023 Utility Performance Report Read More »
Approved return on equity: 9.9% Approved overall rate of return: N/A Approved revenue requirement increase: $35 million Approved residential class rate increase: 1.5% Requested return on equity: 10.25% Requested overall rate of return: 6.2% Requested revenue requirement increase: $136 million Requested residential class rate increase: 5.7% Time period: Oct. 1, 2024 – Sept. 30, 2025
Consumers Energy Gas Rate Case U-21490 (2024) Read More »
A Dec. 1 order from the Michigan Public Service Commission (MPSC) will cut DTE’s proposed electric rate hike by over 40%, down to about $368 million, compared to the $619 million originally requested by the utility. As a result, DTE residential customers will see their rates increase by about 6.4%%, rather than a 13.9% increase
CUB Statement on DTE Electric Rate Case Decision Read More »
The 2023 report shows the latest rankings for Michigan utilities on reliability, affordability and environmental impact performance, and is accompanied by more data than in our previous reports available via an interactive page that features figures developed through Tableau.
Utility Performance Report – 2023 Edition Read More »
A promising sign recently came in DTE’s pending electric rate case when an administrative law judge released a strongly-worded proposal for decision (essentially a recommendation for the Michigan Public Service Commission [MPSC]) finding that nearly half of the rate hike that DTE is asking for should be rejected. The judge agreed with arguments from CUB and other
In this issue we report promising developments in DTE’s pending rate case, continuing discussion of performance-based regulation to make Michigan less vulnerable to outages, and more. News Source: JK Nair. Administrative Law Judge Questions Cost-Effectiveness, Credibility of DTE Rate Case Proposal A promising sign recently came in DTE’s pending electric rate case when an administrative law
CUB October 2023 Newsletter Read More »
The Citizens Utility Board (CUB) of Michigan is working to ensure that penalties on utilities for poor electric reliability are paid to Michigan residents who are most harmed by power outages and that utilities do not get rewarded for substandard performance as part of a proposed new regulatory construct. CUB laid out its stances in comments recently
Performance-Based Regulation in Michigan: What To Do, and What Not To Do Read More »
Approved return on equity: 9.86% (last rate case was 9.86%) Approved overall rate of return: 6.03% (last rate case was 6.08%) Approved revenue requirement increase: $17.3 million (last rate case was $36.4 million) Approved residential class rate increase: 4.66% (last rate case was 15.03%) Requested return on equity: 10.5% Requested overall rate of return: 6.42%
Indiana Michigan Power Electric Rate Case U-21461 (2024) Read More »
CUB has been arguing for years that a key part of the solution to Michigan’s problem of poor electric reliability and high energy costs for customers has to be performance-based regulation: rules that hold utilities accountable by financially penalizing them if they fail to perform well on metrics like the number of outages. Now, the
