The Brief
- DTE made $1.5 billion in profits last year and is asking for a $474 million rate hike after having just received approval for a $252 million rate hike.
- Meanwhile, DTE has not paid any federal income tax for more than a decade.
DETROIT (FOX 2) – It’s a legal monopoly making billions in profit, yet DTE is not paying any federal income tax and hasn’t in more than a decade.
Big picture view:
All this is happening while the energy giant made $1.5 billion in profits last year and is asking for a $474 million rate hike after having just received approval for a $252 million rate hike. Michigan Advance first reported on this last week, and critics say it’s further evidence that the system is broken at both the state and federal levels.…