Consumers Energy requests gas rate hike of $248 million
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Consumers Energy is requesting a 10.8% hike on customers to fund infrastructure upgrades for its gas systems
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The hike comes to $248 million, which must first be approved by the Michigan Public Service Commission
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If approved, the new rates would go into effect in late 2025
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Consumers Energy is requesting a 10.8% hike on customers to fund infrastructure upgrades for its gas systems
-
The hike comes to $248 million, which must first be approved by the Michigan Public Service Commission
-
If approved, the new rates would go into effect in late 2025
(FOX 2):A new proposal for a $248 million increase in gas rates has been submitted by Consumers Energy to the Michigan Public Service Commission.
The 10.8% rise would take effect in late 2025 if it were authorized.
The request is made months after a $35 million increase approved by the commission in July went into effect on October 1st of this year.
According to the utility’s submission last week, the proposed rate increase is required for improvements to its natural gas infrastructure.
“Critical capital” improvements are being requested in order to “provide customers safe, reliable, affordable, and increasingly clean natural gas service.”
RATE HIKES IN MORE DETAIL:
Its infrastructure projects for maintaining its storage fields, repairing gas wells, replacing outdated equipment, and adhering to regulations are some of the elements that require money.
The majority of the $132 million proposal is made up of those upgrades.
Outages inside the system can be isolated by one of the installed devices. According to consumers, they prevented more than 70,000 outages last year.
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