MPSC approves $242.4 million rate hike for DTE starting in 2026
WXYZ Channel 7 • • business
Key Points:
- The Michigan Public Service Commission approved a $242.4 million rate increase for DTE Energy, effective March 5, 2026.
- This hike will raise the monthly bill for a typical residential customer using 500 kWh by nearly $5, a 4.6% increase.
- DTE initially sought a $574 million rate increase when it announced plans last April.
- The additional funds will be used to enhance electric reliability and strengthen the power grid in Southeast Michigan.
- DTE President Matt Paul emphasized the company's commitment to affordability amid the rate adjustment.
