LANSING, MI (WTVB) – Michigan Attorney General Dana Nessel filed testimony with the Michigan Public Service Commission (MPSC) this week, urging regulators to slash a pending Consumers Energy natural gas rate hike by approximately 61 percent.
Nessel is requesting that the utility’s original $240 million increase proposal be reduced by more than $146 million, capping any potential approval at roughly $94 million.
The Attorney General’s office argues that the full request would place an undue burden on residents, potentially increasing bills for families and small businesses by 8%.
According to a press release from the Michigan Department of Attorney General, a review of the utility’s application uncovered several instances of “inflated capital spending projections” and “unreasonable profit margins”. Nessel’s testimony also calls for the rejection of a “revenue decoupling mechanism,” which would allow the company to recover financial losses linked to warmer weather and reduced energy sales.
While Consumers Energy maintains the increase is necessary to invest in its delivery system, Nessel contends the current request is “stuffed” with overstated costs at a time when many Michiganders are already facing economic hardships.
Sorry to say this our government plain and simple sucks major ass allowing these powerful power companies get a raise they make enough money as it is and yes I get it equipment costs money start taken it away from there over paid vice president and managers cut there salary and see what happens I bet it will never ever happen just the small guys like us pay more and more and more and fuck our lieing bitch governer too she steals money to like California and minasota
It is about time somebody STOPS THEM!!! They get to raise their Rates every year. & if that’s not enough they charge extra from 2-7. What a RIP OFF
Thank you Dana, it’s refreshing to know that we have high ranking officials trying to make life easier for folks in the state of Michigan. Best regards, BM