Consumers Energy Electric Rate Case U-21389 (2023)

Decided: March 1, 2024

Approved return on equity: 9.9%

Approved overall rate of return: 5.85%

Approved revenue requirement increase: $92 million

Approved residential class rate increase: 1.61%

Requested return on equity: 10.25%

Requested overall rate of return: 6.11%

Requested revenue requirement increase: $216 million

Requested residential class rate increase: 3.3%

Time period: Feb. 2024 – Feb. 2025