Consumers Energy Approved for 139M Rate Hike
Michigan regulators approved a 139 million dollar rate increase for Consumers Energy natural gas customers. Typical residential bills will rise by nearly four percent starting November first. The utility requested a larger hike but officials cut unjustified costs.
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CMS ENERGY CORP subsidiary Consumers Energy secured regulatory approval on Thursday afternoon for a $139.2 million natural gas rate increase across the United States state of Michigan. The adjustment falls below the $240 million utility request filed with the Michigan Public Service Commission. Residential customers will see monthly bills climb $3.92, or 4.33%, starting November 1.
