Just one week after state regulators approved a multimillion-dollar price increase, Consumers Energy has announced plans to seek yet another electric rate hike for Michigan residents.
On April 3rd, the utility company filed a formal notice saying it intends to request a new rate increase as early as June 2nd.
The announcement came only seven days after the Michigan Public Service Commission approved a $276.6 million hike, which is scheduled to hit customer bills on May 1st.
Michigan Attorney General Dana Nessel criticized the move, calling the current system “broken.”
While the exact dollar amount of the new request is not yet known, the company’s previous filing asked for $436 million, which would have raised household rates by 13%.
Since 2020, regulators have granted the company nearly $800 million in annual revenue increases.
The Attorney General’s office said that recent rate requests from Michigan’s major utilities have included funds to cover controversial costs, such as private jet travel for executives and performance bonuses.
Consumers Energy provides electricity to 1.9 million customers across Michigan.