Amended Renewable Energy Plan Yields Rate Reductions
DTE Energy has filed an amended renewal energy plan with the Michigan Public Service Commission that proposes $90 Million in rate reductions. These are reductions to the renewable energy surcharge imposed under state law requiring a 10 percent renewable energy supply by 2015. The 85 percent reduction in surcharges will affect all customers, with the following proposed changes:
Residential: from $3.00 to $0.43 per meter per month;
Commercial: from a range of $4.00 - $16.58 per meter per month to $0.60 - $2.51 per meter per month; and
Industrial: from a range of $16.58 - $187.50 per meter per month to $2.71 - $26.68 per meter per month
The company has also announced it will increase its annual $300 million in maintenance expenditures to $350 million in each of the next five years to put in new, modern equipment. The purpose of the increase is to reduce the frequency and duration of power outages.