LANSING — Michigan regulators are reviewing a proposed deal that would transfer 13 aging hydroelectric dams from Consumers Energy to a private equity-backed buyer, a transaction critics warn could expose taxpayers and ratepayers to long-term financial and environmental risk if the infrastructure fails. Consumers Energy has asked the Michigan Public Service Commission (MPSC) to approve
LANSING - The Michigan Public Service Commission approved a more than $92 million increase in rates for electric customers of Consumers Energy Co., including significant emphasis on investments needed to improve reliability (Case No. U-21389). The $92,009,000 increase is 57.4% lower than the $216 million rate increase the utility sought in its initial application. Consumers
JACKSON — Consumers Energy announced this week that it would file an Integrated Resource Plan with the Michigan Public Service Commission to zero out its use of coal as a power source and hit 37 percent renewables by 2030 and 43 percent to 2040, up from 11 percent today. The company the plan would help
LANSING - Customers of Consumers Energy will pay $1.28 more monthly for their electricity service, effective December 1, under new rates approved Thursday by the Michigan Public Service Commission. The PSC authorized Consumers Energy to increase its electric rates by $130 million annually, due in part to the company's retirement of seven coal plants in
