Michigan Regulator Approves $188 Million Rate Hike for DTE Electric to Modernize Infrastructure
The Michigan Public Service Commission on May 8 authorized DTE Electric Co. to increase its electric rates by about $188.3 million, which is 47 percent lower than the utility’s request. The change is expected to raise monthly residential bills for customers using 500 kilowatt hours of electricity by about 4.7 percent or $4. The impact…...