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Nessel intervenes on DTE’s latest request to raise natural gas rates (michiganadvance.com)

submitted 2 years ago by raoulraoul@midwest.social to c/michigan@midwest.social

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It's a slight article but…

The company’s previous natural gas rate case was approved in December 2021, resulting in a $3.18 increase to the average residential customer’s monthly bill.

In its most recent request, the company has asked for a $266 million annual increase to its gas rates, an increase of almost 10% for customers. In a statement, the Attorney General’s Office said Nessel would review the case alongside expert witnesses and argue against any increases that are unreasonable or are not tailored to benefit DTE customers.

Read the pertaining coverage in The News or The Free Press, you're not learning much more than this.

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[–] raoulraoul@midwest.social 1 points 2 years ago

Over at the Freep, DTE offers buyouts to 30% of its workforce…

The move comes a month after the utility didn't get the full electric rate increase it requested. The Michigan Public Service Commission approved a $368.1 million electricity rate increase for DTE Energy in December, a more than 40% reduction from the $622 million rate increase the utility initially requested in February.

On the company's third-quarter earnings call, DTE Chairman and CEO Jerry Norcia described 2023 as "essentially a unicorn of a year," with several catastrophic storms that impacted the utility's earnings and a cool summer in Michigan that meant less revenue for the utility.

Oh, please.