Michigan Consolidated Gas

The Ultimate CEOs: Anthony F. Earley Jr., DTE Energy

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"To enhance that natural utility growth of around 2 percent per year, we want to surround the utilities with a portfolio of non-utility businesses that have higher growth prospects."
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Interview by Richard Stavros

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Michigan PSC Allows 2% Gas Rate Increase

Submitted by aburr on Thu, 2013-03-28 20:24

In a natural gas rate case, the Michigan Public Service Commission permitted Michigan Consolidated Gas (MichCon) to increase its base rates by $19.9 million, or 2 percent. The new rates were in accord with a partial settlement that trimmed the company’s original rate increase request of $76.7 million by almost three-fourths. The company stipulated to a 10.5-percent ROE.