DTE Energy Customers To Receive Refunds on May, June Bills
The Michigan Public Service Commission says DTE Energy Customers are getting refunds.
According to the MPSC, DTE legally self-implemented a $125 million rate increase in November 2017.
However, the commission later approved only a $75.4 Million increase.
Now, DTE will return over $27 million to customers in two credits on their May and June bills.
That translates to a decrease of $3.65 a month per 500 kilowatt hours.
Future instances of this practice will likely be prevented by new state laws, which prevent utilities from self-implementing rate increases before the MPSC rules on a request.