Energy refunds will be automatic for millions of
Americans from $15 million pot - but bills will rise anyway
After a settlement has been reached, millions of
Consumers Energy customers will see one-time
payments and an increase in their electric bills.
Under a settlement with the Michigan Public Service
Commission (MPSC), the energy company will offer
one-time voluntary refunds" to nearly 2 million customers.
A $15 million voluntary refund will be provided from last year's revenue.
The credit will be applied as a 12-month bill
Credit beginning when the new base rates take effect.
Payments are automatically applied to customers' bills without them having to do anything.
Customers are likely to see monthly price hikes in
addition to the payments and $155million hike approved by MPSC.
In addition, MPSC is allowing the company to add
a surcharge to recover $6 million for a deferral of distributions in 2021.
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