Michigan residents served by Northern States Power Company will see a smaller electric rate increase following a settlement by Attorney General Dana Nessel. Originally facing a 31.9% rise in their bills, customers will now face a 13.5% increase over the next two years. The Michigan Public Service Commission approved the agreement, cutting Northern States Power's $5.69 million rate hike request down to $2.3 million, according to the Department of Attorney General.
In July, Northern States Power proposed raising electric rates by nearly 30%, which would have affected 9,100 households in Michigan's Upper Peninsula. The Attorney General stepped in, negotiating a settlement that reduced the rate hike by over 60% and stopped any further increases until 2027. "By securing a settlement that slashes NSP’s electric rate hike request by more than 60% and preventing any further increases until 2027, we’ve significantly reduced the financial burden on ratepayers," Nessel said, as stated by the Department of Attorney General.
The Attorney General’s office stepped in to block a proposed rate hike by Northern States Power, the power company serving several Michigan communities, including Bergland Township and Ironwood. The settlement helps reduce the financial impact on residents while allowing the company to cover its costs, as reported by the Department of Attorney General.
