Wed May 15, 2013
Consumers Energy customers get a rate hike and refunds
Consumers Energy customers will soon see slightly bigger electric bills. The Michigan Public Service Commission has approved an $89 million rate increase, 40 percent less than originally sought by the utility.
The commission says that means a typical residential customer will see an increase of about a $1.67 per month. Consumers Energy had initially asked for a rate increase of $148 million.
Its customers will also get refunds because the utility put a $110 million rate hike into effect on its own in March. The MPSC says Consumers must give back $21 million in over-charges.