cubmichigan

CUB’s 2024 Utility Performance Report Ranks Michigan’s Utilities Among the Country’s Worst

The 2024 edition of CUB’s annual Utility Performance Report is out now, and once again it uses federal data on key metrics for gas and electric utilities to compare the performance of Michigan utilities to those in all other states in the three categories of reliability, affordability and environmental impacts. Across those categories, Michigan utilities […]

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Michigan Gas Utilities Rate Case U-21540 (2024)

Approved return on equity: 9.86% Approved overall rate of return: N/A Approved revenue requirement increase: $7 million Approved residential class rate increase: 0.7% Requested return on equity: 10.25% Requested overall rate of return: 6.22% Requested revenue requirement increase: $17.6 million Requested residential class rate increase: 12.06% Time period: January 2025 to December 2025

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Upper Peninsula Power Co. Rate Case U-21555 (2024)

Approved return on equity: 9.86% Approved overall rate of return: N/A Approved revenue requirement increase: $9 million Approved residential class rate increase: 5.7% Requested return on equity: 10.7% Requested overall rate of return: N/A Requested revenue requirement increase: $16.9 million Requested residential class rate increase: N/A Time period: January 2025 to December 2025

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Upper Michigan Energy Resources Corp. Electric Rate Case U-21541 (2024)

Approved return on equity: 9.86% Approved overall rate of return: N/A Approved revenue requirement increase: $6.6 million Approved residential class rate increase: 15.8% Requested return on equity: 10.25% Requested overall rate of return: 6.56% Requested revenue requirement increase: $8.3 million Requested residential class rate increase: 18.7% Time period: January 2025 to December 2025

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