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

Decided: October 10, 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