Amended Renewable Energy Plan Yields Rate Reductions
Thursday, July 4, 2013
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.
Bruce Goodman practices energy law, environmental law, and construction law. His environmental expertise includes air quality permitting work, compliance counseling on air emissions, state and federal enforcement defense issues, and environmental management program development. His energy expertise includes negotiating numerous electric power sales agreements (both for wholesale sellers of energy and for retail consumers of energy) state electric rate cases, developing municipal energy tariffs, and energy project structuring and permitting. He regularly posts to his blog...