consumers energy bill increase

For information about the MPSC, visit www.Michigan.gov/MPSC, sign up for one of its listservs, or follow the Commission on Twitter. Starting Oct. 1, 2020, Consumers Energy officials said customers would see a increase to their monthly bill. Under the new rate approved today, a residential customer who uses 500 kilowatt hours of electricity a month will see their monthly bill increase by $1.62. Expect an 8.5 percent increase on monthly bills, not 7.6 percent as first announced, per the MPSC. The Michigan Public Service Commission approved a Consumers request last month to raise gas rates by $143.5 million, starting in October. In other key terms of the agreement, Consumers Energy … Hold a collaborative and work with stakeholders on the design of residential and commercial and industrial Demand Response pilot programs to be launched in late 2021. Make a one-time $2 million contribution to the Heat and Warmth Fund, which provides assistance to households needing help to pay energy bills, and other non-affiliated non-profits, with the funds directed to serve Consumers Energy customers. Consumers Energy customers are about to see a raise in their gas bill come Oct. 1. due to an agreement between the state and Consumers to raise rates by $144 million, which totals to around a … © 2020 Advance Local Media LLC. It also allows a capital structure of 52.05% equity. New calculations from the commission show the increase for such customers will actually be $6.11 per month. If you need help with the Public File, call (313) 222-0566. All rights reserved (About Us). The utility originally asked for $229 million in increases, although the MPSC granted about 63 percent of the request. Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/20). Customer Assistance: 800-292-9555 Michigan.gov/MPSC The rates go into effect Jan. 10. To look up cases from today’s meeting, access the E-Dockets filing system here. The increase on bills will pay for infrastructure investments, speed up the removal of at-risk lines made of old materials and enhance technology to improve customer service, per the MPSC. The company will propose a plan to achieve a more balanced capital structure in its next rate case, which it agrees not to file earlier than Dec. 1, 2021. Please support high-quality journalism. The MPSC also approved $1.6 billion in refunds to Consumers customers, due to savings from the Tax Cuts and Jobs Act of 2017. The Michigan Public Service Commission approved the rate increase. Subscribe to MLive.com. All parties signed the agreement except for Michigan State University, which filed a statement of non-objection. DISCLAIMER: This document was prepared to aid the public’s understanding of certain matters before the Commission and is not intended to modify, supplement, or be a substitute for the Commission’s orders. U-20650). Consumers will also offer $5,000 rebates for chargers installed in public areas such as workplaces and multi-unit dwellings, and up to $70,000 in rebates for the installation of a DC Fast Charger. Copyright 2019 by WDIV ClickOnDetroit - All rights reserved. This will be approximately $84.5 million. Residential EV drivers who sign up for the nighttime rate will be offered a $500 rebate for each EV. The Commission’s orders are the official action of the Commission. A electric rate hike for Consumers Energy customers was approved on Wednesday as the company launches the state's first electric vehicle infrastructure pilot program. Some Consumers Energy customers in the Kalamazoo area could see their power bill go up in the summer of 2019.

FOR IMMEDIATE RELEASE   September 10, 2020, Media Contact: Matt Helms 517-284-8300 The program includes a Nighttime Savers Rate to encourage EV drivers to charge their vehicles between 7 p.m. and 6 a.m. New rates are to take effect Oct. 1, 2020. Accelerate the amortization schedule for its unprotected, non-property component of the Tax Cuts and Jobs Act deferred tax liability and pre-1993 deferred tax liability to occur between Oct. 1, 2021 and Sept. 30, 2022. Continue its increased spending of $100 million for 2020 and $150 million starting in 2021 on its Enhanced Infrastructure Replacement Program, which replaces aging pipe with newer materials. JACKSON, MI – Recalculations show the natural gas rate increase coming to Consumers Energy customers will be larger than first announced. Beginning Oct. 1, 2020, a typical residential customer using 100 cubic feet of gas a month will see a $6.72, or 9.1% increase, in their monthly bill. Under the settlement agreement, Consumers Energy is approved to raise rates by $144 million, about 60% of its initial request in December 2019 for $245 million. Consumers argued that the additional revenue is needed for natural gas system infrastructure replacement and rising costs for operations and maintenance, financing and environmental response. Consideration of rate recovery of related costs will be addressed in Consumers Energy’s next general gas rate case, once any insurance proceeds received by the company associated with these capital investments are known. Electric rates went up $99 million in January for Consumers customers. Intervenors in the case were the Association of Businesses Advocating Tariff Equity; the Michigan Department of Attorney General; Citizens Utility Board of Michigan; Energy Michigan, Inc.; Lansing Board of Water & Light; Michigan State University; Midland Cogeneration Venture L.P., the Residential Customer Group and MPSC Staff. JACKSON, MI – Recalculations show the natural gas rate increase coming to Consumers Energy customers will be larger than first announced. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. In other key terms of the agreement, Consumers Energy will: In addition, costs or investments related to the Jan. 30, 2019 fire at the utility’s Ray Compressor Station in Macomb County will not be approved or disallowed in this case. As part of the settlement agreement, Consumers will spend this year at least $200 million annually on its electric distribution reliability capital program and $53 million annually on clearing vegetation and trimming trees around distribution lines. Twitter. Consumers Energy also will also file with the Commission annual planning and performance reports related to the replacement program. Consumers will also launch its PowerMIDrive pilot program, a three-year, $10 million effort to support the growing electric vehicle (EV) market in Michigan through new rates, rebates and customer education. The Michigan Public Service Commission today approved a settlement agreement that cut by approximately 40% the amount of a rate increase granted to Consumers Energy’s natural gas customers (Case No. The Consumers Energy headquarters is in downtown Jackson.BPN. To watch recordings of the MPSC’s meetings, click here. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. The agreement grants an authorized return on common equity of 9.9%, approximately 60 basis points below the utility’s initial request. Beginning Oct. 1, 2020, a typical residential customer using 100 cubic feet of gas a month will see a $6.72, or 9.1% increase, in their monthly bill. But those refunds will be spread over 44 years, the commission said in a press release. Community Rules apply to all content you upload or otherwise submit to this site. The rates go into effect Jan. 10. The utility will provide Commission staff with regular updates on its spending and an annual report on investments in both areas. Under the new rate approved today, a residential customer who uses 500 kilowatt hours of electricity a month will see their monthly bill increase by $1.62. The MPSC first reported that customers using 10,000 cubic feet of natural gas would see their monthly bill go up $5.48.

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