Electric rates for DTE Energy customers are set to jump in early February after state regulators granted a $217.38 million increase on Thursday, Jan. 23 — less than half of what the large, for-profit power company had requested.

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DTE electric rates set to jump by $217M in Michigan, half what utility requested

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Starting Feb. 6, a typical residential DTE customer using 500 kWh a month will see an increase of $4.61, or 4.65%, in their monthly bill under the rate hike. The MPSC cut the Detroit-based utility’s original increase request by 52%.

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Wayne County

Higher customer bills on tap as DTE gets approval for $217.4 million electric rate hike

Commissioners said the extra spending by DTE is needed to increase tree trimming and reliability of the grid and reduce power outages for customers.

Detroit Free Press

Gannett

Michigan panel approves $217.4 million electricity rate increase for DTE Energy

DTE Energy is set to report its fourth-quarter earnings next month, and analysts expect a double-digit decline in profit.

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The Metal Packager

DTE welcomes new CEO to drive growth - The Metal Packager

In a year marked by significant operational improvements and community investment, DTE Energy is demonstrating its commitment to enhancing both its service reliability and social responsibility. Key developments throughout 2024 highlight how strategic decisions and investments have positively impacted customers and the broader Michigan community. Enhanced Electric Reliability DTE Energy, a major utility provider in Michigan, recently reported a …

DTE electric rates set to jump by $217M in Michigan, half what utility requested

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