Consumers Energy is proposing a $436 million rate increase in Michigan, potentially raising household electric bills by 13%. This increase aims to improve reliability during severe weather conditions but faces opposition from Michigan Attorney General Dana Nessel, who labels it as corporate greed. Nessel argues that the hike could unduly burden consumers, particularly low- and fixed-income families. The Michigan Public Service Commission is set to conduct a thorough review of the proposal, with utilities required to provide evidence supporting the need for the increase amid rising energy costs attributed to inflation and other factors.
Consumers Energy's proposed $436 million rate increase could raise residential electric bills by $6 to $12 per month, potentially adding up to $144 annually for the average household.
Rising energy costs in Michigan are attributed to inflation, volatile fuel prices, climate resilience investments, and the need for grid modernization, all contributing to the necessity of the proposed rate hike as per Consumers Energy.
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