Consumers Energy Granted Rate Hike
September 26, 2019 6:39PM EDT
The Michigan Public Service Commission has given Consumers Energy regulatory approval to increase natural gas rates by 7.6%.
The commission approved the $143.5 million hike on Thursday. Starting in October, the average residential customer is expected to see their bills go up by about $5.48 a month. Consumers had asked for a $229 million increase.
In another move, the Michigan PSC approved tax cut-related refunds for Consumers Energy electric customers. That means a residential customer using 500 kilowatt hours monthly will see a 68 cent decrease starting in October.
Consumers Energy provides natural gas service to 4.1 million people.