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Michigan regulators OK $100M rate hike for Consumers Energy

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Posted at 5:39 PM, Dec 17, 2020
and last updated 2020-12-17 17:39:28-05

LANSING, Mich. (AP) — Michigan regulators have approved a $100 million electric rate hike for Consumers Energy, authorizing the state’s second-largest utility to bill the average residential customer about $9 more per month starting in January.

The increase for residents is nearly 12% after factoring in other allowed adjustments.

The agency said Thursday the Jackson-based utility sought the higher rates to fund upgrades to its distribution system and to meet its clean-energy goals by retiring coal-fired plants.

The hike is 39% of what Consumers requested. The order also lets the utility spend more to trim trees to reduce power outages.