cubmichigan

Consumers Energy Electric Rate Case U-20963

Approved return on equity: 9.9% Approved overall rate of return: 5.62% Approved revenue requirement increase: $31.7 million Approved residential class rate increase: 1.1% Requested return on equity: 10.5% Requested overall rate of return: 5.95% Requested revenue requirement: $225 million Requested residential class rate increase: 8.8% Time period: Jan. 1 – Dec. 31, 2022 (test year is 2019) Events: In December 2021, the MPSC

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DTE Gas Rate Case U-20940

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

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Electricity cables covered in ice

CUB Witness Lays Out Plan To Help Utility Customers Through Winter In Time of COVID-19

We are about a year into COVID-19 and the pandemic, and while the toll it is having on the economy is as bad as ever, the protections for ratepayers have not gotten stronger in response. Quite the contrary—they are more meager than at the outset of the pandemic, when Michigan utilities like DTE and Consumers

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DTE Electric Rate Case U-20836

Approved return on equity: 9.9% Approved overall rate of return: 5.42% Approved revenue requirement increase: $30.56 million Approved residential class rate increase: <1% Requested return on equity: 10.25% Requested overall rate of return: 5.56% Requested revenue requirement: $388 million Requested residential class rate increase: 8.8% Time period: Nov 1, 2022 – Oct. 31, 2023 Events: In a Nov. 19 order, the

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Electrical lines against a sunset

Will New Regulations To Help Customers With Power Outages Get The Job Done?

It’s been about a year and a half since Michigan’s “wake-up call” moment for electric reliability: a summer 2019 day of devastating thunderstorms that led to catastrophic losses of power across the service territories of DTE and Consumers Energy. The incident focused attention on the Michigan utilities’ generally poor performance when dealing with power outages

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Consumers Energy building

Consumers Energy Gets Much Smaller Rate Increase Than Requested, While Inequitable Treatment of Residential Customers Remains

The Michigan Public Service Commission (MPSC) on Dec. 17 ordered that Consumers Energy can raise rates on its electric customers by around $100 million for 2021, representing a nearly 60% cut of the utility’s original rate hike request. The MPSC’s order is broadly in line with a proposed decision by an administrative law judge that

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