Not only are gas prices on their way up quickly, now Consumers Energy wants to raise our electric rates again. Michigan Attorney General Dana Nessel is intervening to see if their requested 9% increase is warranted. They are asking for increases that would increase their income by 225 million dollars, which would take effect January 1 next year.
The decision rides with the Michigan Public Service Commission for the rate increase. Nessel says her office has taken price gouging seriously through this Covid-19 pandemic.

MLive reports Next year’s $225 million increase would help pay for “investments associated with solar generation, system reliability, environmental compliance, and enhanced technology,” according to Consumers’ official request. Consumers earned $755 million in net income in 2020, after netting $680 million in 2019. The company is “committed to providing affordable energy,” Consumers spokesman Brian Wheeler said in a statement, Wednesday.

Consumers Energy provides electricity for 1.9 million Michigan customers. For 2021 they had asked for a $289 million increase in rates, the MPSC only allowed half of the request. Nessel says “families should not have to choose between paying exorbitant utility bills or paying for their rent, medicine, food, clothing and for other essential things.” The AG’s office will intervene in cases like this to make sure these requested rate hikes justify the added costs to Michigan customers.

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Consumers Energy spokesperson says most households in Michigan will pay around $4 per day for their electrical service in 2022, which is comparable to the national average.
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