MPSC Approves Consumers Rate Increase

Consumers Energy remains in the news after announcing earlier this week its $10 million donation to help customers pay their winter heating bills. The utility reported Thursday that the Michigan Public Service Commission has approved a rate increase and decrease for Consumers electric customers. The $24 million decrease is coupled with elimination of a $123 million credit to customers from the Tax Cuts and Jobs Act, which results in a $99 million increase that goes into effect immediately. Electric rates were last increased in March of 2018 by $65.8 million. Natural gas rates were last increased in August by $10.6 million. The MPSC also approved a $10 million electric vehicle charging project.