Michigan Attorney General Dana Nessel said October 6 that her office and the Citizens Utility Board of Michigan filed testimony asking the Michigan Public Service Commission to reduce Consumers Energy's requested annual electric-rate increase by 53%. Consumers Energy is seeking approximately $456 million in additional annual revenue in case U-22070.
The attorney general's filing also recommends a 9.20% allowed return on equity instead of the company's requested 10.25%. The office said affordability and residential disconnections should weigh in the commission's review. Those positions are advocacy in a pending rate case, not commission findings or approved rates.
Consumers Energy says the June 2 filing would support grid investment and preparedness. The company's request would raise residential electric rates by an estimated 9.8%, according to the attorney general's office. The commission will determine whether any increase is approved and at what level.