Indiana Michigan Power is asking Michigan Power regulators for approval to raise rates.
They say they need more money for what they call their “Powering Our Future” plan. Key elements of
the plan include infrastructure investments for what they say will be a more reliable and resilient electric grid and a detailed evaluation of extending the future of Cook Nuclear Plant beyond its current license expirations.
To cover the cost, I&M has requested a rate increase of about $34 million dollars.
Under the proposal, the bill for a typical homeowner would go from $162 dollars a month to $177 per month.
More information about the Powering Our Future Plan:
In addition to the Cook study, the Powering Our Future plan benefits customers by:
• Replacing old equipment, increasing the frequency of planned tree-trimming and
installing new grid technologies, all of which will result in fewer and shorter power
outages.
• Relocating and rebuilding about 45 miles of power lines from hard-to-access areas to
roadsides, giving crews quicker access to perform maintenance and repairs to lines and
related equipment.
• Providing residential customers with more bill payment options that meet their needs and
lifestyles.
• Using technology to provide an improved customer experience through better access to
account information, shorter customer service call times and overall improved
communication options.
• Pursuing federal grants to reduce costs, improve reliability and help communities
succeed.
• Continuing programs that eliminate the residential service charge for income-qualified
customers and reducing rates for senior citizens who use less than 900 kilowatt-hours
(kWh) of energy per month.
• Expanding the Distributed Generation program for residential customers eligible to
receive credits for the solar and wind power they generate and provide to the electric
grid.
1 comment
The last point is probably a big driver. The “green” energy agenda means less power and more cost followed by massive disposal costs at their short end of life cycle.
What did the greenies use to read by at night before candles? Light bulbs.