Consumers Energy has proposed a $436 million rate hike that could increase household electric bills in Michigan by 13%. This increase follows a previously approved $154 million hike. The utility claims the funding is necessary for improving reliability and managing severe weather conditions. Critics, including the Attorney General, argue the proposal is excessive and demonstrates corporate greed. The rate increase could raise bills by $6 to $12 monthly, totaling up to $144 annually, exacerbating financial strain alongside rising living costs. Consumers Energy targets a goal of minimal power outages for customers.
Consumers Energy's proposed $436 million rate increase would raise residential electric bills by an estimated $6 to $12 per month, depending on usage.
Katelyn Carey stated, 'Our request to the MPSC is part of that plan, proposing major investments in line clearing and technology across all communities we serve to support our long-term goal that no customer will go more than 24 hours without power.'
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