Unfair Rate Hike!
December 1, 2023, the Michigan Public Service Commission (MPSC) approved a rate hike for DTE Energy starting December 15, 2023. This decision will significantly impact Metro-Detroiters during the holidays and throughout the harsh winter.
What You Need to Know:
Too Much Money: The approved rate hike grants DTE Energy a staggering $368,115,000 increase. This comes after the energy corporation reported a third-quarter gross profit of $1,580,000,000.
Last year, despite a request for $388,000,000, only $30,557,000 was approved. People-powered efforts reduced the increase by 90%, yet DTE will now receive almost the entirety of their original request and millions more.
We Should All Question Michigan Public Service Commission Deliberations when they favor DTE: of the commission's $34.9 million budget, all but about $3 million in federal grants is paid by assessments levied against Michigan utilities. DTE and Consumers pay 88% of that assessment, or 80% of the total commission budget.
Too Many Questions: The MPSC's Investment Recovery Mechanism (IRM), aimed to track investments in DTE Electric’s distribution system and ensure continued investment in the distribution grid to improve reliability and resilience, this won't be completed until Summer 2024. The rate hike decision comes before a full review of DTE's investments, compromising reliability and efficiency.
Too Cruel: Some of the rationale the MPSC used to justify the rate hike is to assist DTE during historic inflation. However, this prioritizes corporate interests during times of high inflation over the well-being of the people, their customer base, and the group the MPSC is appointed to serve.
Support Fair Energy Practices!
Soulardarity, a 501c3 organization, fights for Energy Democracy in Highland Park & Detroit MI. The organization began when DTE viciously removed all street lights throughout Highland Park MI. Since then Soulardarity has gathered support by installing solar street lights, organizing policy initiatives, and advocating for fair, equitable, sustainable, clean, efficient, energy for everyone. Visit Soulardarity.com and become a member today!
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Energy Democracy Education Organizer
📍 Location: Customer Service Center 14110 Woodward Ave.
🗓️ Date: Monday, April 28
⏰ Time: 9:00 AM – 3:00 PM
No appointment necessary. Walk-ins welcome!
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Soulardarity will be back next week for our virtual open house at 10AM! In the meantime - we did some amazing things in 2024! Check out our recap of last year!
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Soulardarity's Communication Team Lead Khary Frazier joins WDET 101.9FM on the Metro to discuss DTE's upcoming rate hike from the MPSC.
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In the face of big utilities, how do residents have more power? - WDET 101.9 FM
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Khary Frazier of the nonprofit Soulardarity, joined the show to discuss how rising energy costs hurt residents in multiple and sometimes untold ways.1 CommentsComment on Facebook
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