Michigan Regulators Allow Electric Rate Increase

Stock quotes in this article: CMS  

Consumers Energy says higher rates are needed so the utility can upgrade power lines and equipment, reduce emissions, install software for improved billing and customer service, and develop metering technology to pinpoint power outages.

Last June, regulators authorized Consumers to raise the average residential bill $2.64 a month. Detroit Edison, the state's largest utility, could raise electric rates in July depending on what regulators decide.

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On the Net:

Consumers Energy: http://www.consumersenergy.com

Michigan Public Service Commission: http://www.michigan.gov/mpsc

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