LANSING, MI – Electric rates for the power company serving the bulk of Michigan’s Lower Peninsula will soon rise, thanks to the largest rate hike approved in more than 20 years.
On Friday, March 27, state utility regulators in Lansing gave permission for Consumers Energy to implement a $276.6 million rate increase for its nearly 2 million customers.
It’s the largest single amount approved for Consumers since at least 2004, according to Michigan Public Service Commission figures dating back to that year…