Amended Renewable Energy Plan Yields Rate Reductions

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DTE Energy has filed an amended renewal energy plan with the Michigan Public Service Commission that proposes $90 Million in rate reductions. These are reductions to the renewable energy surcharge imposed under state law requiring a 10 percent renewable energy supply by 2015. The 85 percent reduction in surcharges will affect all customers, with the following proposed changes:

  • Residential: from $3.00 to $0.43 per meter per month;
  • Commercial: from a range of $4.00 - $16.58 per meter per month to $0.60 - $2.51 per meter per month; and
  • Industrial: from a range of $16.58 - $187.50 per meter per month to $2.71 - $26.68 per meter per month

The company has also announced it will increase its annual $300 million in maintenance expenditures to $350 million in each of the next five years to put in new, modern equipment. The purpose of the increase is to reduce the frequency and duration of power outages.

 

Topics:  Rate Reductions, Renewable Energy

Published In: General Business Updates, Energy & Utilities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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