Michigan Regulator Slashes Consumers Energy’s Natural Gas Rate Increase by 40 Percent
The Michigan Public Service Commission on Sept. 10 ratified a settlement allowing Consumers Energy Company to increase its natural gas rates by $144 million, which is approximately 40 percent less than the utility’s initial request. Under the new rates, effective Oct. 1, residential customers will see a 9.1 percent increase in their monthly bills. In its…...