Lansing, MI (AP) – Michigan regulators have approved a $100 million electric rate hike for Consumers Energy, authorizing the state’s second-largest utility to bill the average residential customer about $9 more per month starting in January.
The increase for residents is nearly 12% after factoring in other allowed adjustments. The agency said Thursday the Jackson-based utility sought the higher rates to fund upgrades to its distribution system and to meet its clean-energy goals by retiring coal-fired plants.
The hike is 39% of what Consumers requested. The order also lets the utility spend more to trim trees to reduce power outages.
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