Regulators approve rate increase for DTE electric customers
Michigan utility regulators have approved a rate increase for DTE Energy's electric customers - amounting to roughly $6 more a month for residents - but less than what the utility sought.
The Michigan Public Service Commission on Thursday approved a $273 million increase which is roughly $203 million less than what the Detroit-based utility had requested. Commissioners also denied DTE's request to assess a charge for customers who have installed renewable energy projects.
The MPSC authorized DTE to spend $283 million through 2021 on tree-trimming efforts. DTE previously reached an agreement with regulators to clear power line hazards behind Detroit properties after a woman was electrocuted by a downed wire last year.
The rate increase - nearly 9% for residents and roughly 4% for businesses - is effective May 9.
DTE says in a statement the increase will pay for new and updated equipment and technology.
Patrick Center, WGVU News.