DTE Energy calls for an interest rate increase of 574 million US dollars for 2026

(WXYZ) – The Attorney General of Michigan, Dana Nessel, speaks out after DTE submitted an inquiry to increase electrical prices by more than 570 million US dollars.

The company filed for the Michigan Public Service Commission (MPSC) on February 24, 2026.

In the registration, DTE said that the rate increase was necessary “to recover the continued infrastructure investments by the applicant in order to improve the reliability of the network and to maintain the reliability of its generation of fleet and at the same time move cleaner producing sources, including the associated depreciation and real estate increases.”

In January, the MPSC approved an interest rate increase of more than 217 million US dollars for improving aging power lines and improving reliability. Last year, DTE asked the MPSC to approve an interest rate increase of $ 456 million, but many customers have taken care of the plan.

Observe the bottom of 2024: DTE customers Slam Slam proposed interest rate increase

DTE customer Slam Slam proposed installment increase

“At some point we have to ask ourselves how long supply companies such as DTE and Consumers Energy customer bills and our energyats can treat such as an empty check,” said Nessel in an explanation.

According to the company’s submission, DTE said that the average electrical calculation of a typical customer can be increased by up to $ 13.50 per month, which is an average of $ 162 per year.

In 2023, the company applied for an interest rate increase of $ 622 million. In December 2023, the MPSC approved an interest rate increase of $ 368 million, a reduction of 40% compared to the requested total.

The residents can submit a public comment on the tariff hike request here.

DTE published an explanation of 7 News Detroit. It is said:

“DTE Energy is making progress in building the electrical network of the future – if we invest. It works. Thanks to a combination of factors, including strategic work and investments in the electrical network last year, our customers have experienced almost 70% improvement in time without power. In comparison to 2023. Systems in view of extreme weather and to generate cleaner energy – and at the same time to keep customer accounts as low as possible and below the national average.

This submission marks the beginning of a 10-month process and DTE customer Will see no adjustments to your bills until the MPSC specifies its final order at the beginning of next year. “