(WXYZ) — The Michigan Public Service Commission approved a $242.4 million rate hike for DTE Energy on Thursday.
According to the energy company, a typical residential customer using 500 kilowatt hours per month will see a nearly $5 increase in their monthly bill, which is about a 4.6% increase per month. The rate increase will go into effect starting March 5, 2026.
Originally, DTE announced plans last April for a $574 million rate hike.
Watch below: Residents protest DTE energy rate hikes, demand relief from rising costs
“We know affordability matters to our customers and we take that responsibility seriously,” DTE President and CEO Matt Paul said in a statement.
DTE said the money will be used to support investments to improve electric reliability and strengthen the grid across Southeast Michigan.
The MPSC also approved a number of investments for DTE. Those include:
- $200 million for pole and pole top maintenance and modernization
- $348 million in 2026 and $282.5 million in 2027 for DTE Electric's infrastructure recovery mechanism
- Spending for DTE to continue a five-year tree-trimming cycle
- Underground pilot projects in Ann Arbor and Attica Township
- $70.5 million for upgrades to existing substations or to add new substations
