Michigan Regulator Approves $36 Million Revenue Hike for Indiana Michigan Power’s Electric Services
The Michigan Public Service Commission authorized a settlement agreement, allowing Indiana Michigan Power Co. to raise electric rates by $36.4 million per year, about 38 percent lower than the utility’s request, according to a Jan. 23 news release. The new rates, which take effect on Feb. 1, will increase monthly residential bills by about 15…