DTE wins approval of $242 million annual electric rate increase

The Michigan Public Service Commission approved a $242 million annual electric rate increase for DTE, significantly less than the company’s initial request of $574 million. Michigan Attorney General Dana Nessel opposed the hike, noting that DTE has received $1 billion in annual rate increases since 2020 and has another request pending for natural gas customers, while Consumers Energy also has pending rate hike requests. The increase affects 2.3 million DTE customers in Southeast Michigan and the Thumb region.

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