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What Trump's proposed tariffs mean for consumers
A new era of trade wars may be coming to the U.S. with Donald Trump returning to the White House. The proposed tariffs could reduce choices for consumers buying a car while businesses that sell foreign cars will be hit the hardest, one analyst told FOX 2.
(FOX 2) - Consumers Energy has filed a new request to increase rates for its gas customers, asking the Michigan Public Service Commission for a $248 million hike.
If approved, the 10.8% increase would go into effect in late 2025.
The request comes months after the commission green lit a $35 million increase in July, which went into effet in Oct. 1 this year.
The new rate hike is needed for upgrades to its natural gas infrastructure, the utility said in a summary filing submitted last week.
The rate request "critical capital" improvements that will "provide customers safe, reliable, affordable, and increasingly clean natural gas service."
MORE ON RATE HIKES: MPSC to hear public comments as it weighs DTE's $456M price increase
Among the components that need funding is its infrastructure programs for replacing old equipment, rehabilitating gas wells, maintaining its storage fields, as well as regulatory compliance.
Those upgrades make up the biggest portion of the request: $132 million.
Consumers adding grid upgrades it says will reduce power outages
One of the devices being installed can isolate outages within the system. Last year, they helped avoid over 70,000 outages, Consumers said.