- Associated Press - Friday, December 11, 2015

LANSING, Mich. (AP) - The average residential customer of DTE Energy will pay $8.22 a month more for electricity under a rate increase.

The Michigan Public Service Commission Friday authorized DTE to raise power rates by $238 million annually, effective next week, less than the $370 million hike the utility sought.

Because DTE self-implemented a $2.82 monthly rate reduction in July, residential customers will pay $11.04 more than in 2011, the last time regulators ruled.

The total rate increase is 5.3 percent. Commercial rates will rise 3.4 percent and industrial rates will fall 2.4 percent.

PSC Chairman John Quackenbush says customers will benefit from a more reliable system and cleaner environment because DTE is buying two natural gas-fired electric plants. DTE is closing two coal-fired plants next year.



Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide