"Consumers spokesman Jeff Holyfield says higher rates are needed so the utility can upgrade power lines and equipment, reduce emissions,
install software for improved billing and customer service, and develop metering technology to pinpoint power outages.
“We’re talking about
investments that create jobs. We’re talking about investments that expand the tax base in Michigan,” Holyfield says. “We think we’ve made a good case why this rate increase is needed.”
"Both utilities say they will make a decision on how to proceed as they get closer to the dates
they can raise rates on their own six months after a proposal is submitted."
"He says Consumers’ proposed $215 million rate increase includes
more help for low-income customers."
Seems to me that installing software to improve "billing and customer service" would in fact, reduce the need for more jobs, if not even eliminate some, if not many by doing so?
How could a rate increase help low-income customers? :crazy:
"Edison officials say the utility’s proposed $378 million increase is needed to cover rising expenses and because it’s making less money because customers are
buying less electricity."
Hmmm...well...no shit!! Michigan and especially the SE Detroit/Flint area has loong been in a RECESSION that became a DEPRESSION (IMO) by Bush's second term of office!!
DTE shut us off for alleged non-payment of two months use of electricity, with no warning, after we were evicted from our home, and then moved into a rented condo. Fortunately we were able to prove that the bank who successfully evicted us in early December, had turned the power back on, when they had a subcontractor come in to weatherize the house, but we had no power at all for over a week, and the furnace of course would not operate. They shut us off in late March of the next year, so at least it wasn't January, but it was still quite chilly.
"But Holyfield says utilities could “never quite catch up financially” under the old system because the Public Service Commission might take nearly two years to decide on rate hikes.
Utilities now will be able to seek higher rates every year."
There is absolutely no doubt in my mind that they have and will.
http://www.lenconnect.com/news/business/x2087808467/Consumers-DTE-seek-rate-hikes