Consumers Energy receives $153.8M electric rate hike increase

Date:

play

  • Consumers Energy provides electric service to 1.8 million customers in Michigan’s Lower Peninsula.
  • The company received approval for $153.8 million in electric rate hikes by the Michigan Public Service Commission on Friday.

State regulators signed off on another rate hike for Jackson-based Consumers Energy on Friday, approving a $153.8 million increase to the utility’s electric rates in Michigan.

The average Consumers customer will see an increase of around $2.78 on their monthly electric bill once the new rates kick in on April 4. According to the Michigan Public Service Commission (MPSC), the company sought a rate increase to improve service reliability and cover costs related to investments in energy generation, company facilities and ongoing company plans.

“We plan to roll up our sleeves and accelerate building the…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...