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Tell Michigan Lawmakers: Support Utility Accountability

Utility Profits Are Up. Your Energy Bill Shouldn’t Be.

 

Michigan’s major utilities are allowed to earn a 9.9% percent return on equity on their investments—and they do it by building their profits right into ratepayers’ electric bills, costing the average household hundreds of dollars a year.

New legislation would reduce that rate to 8.2%—saving families up to $267 over four years. Companion bills would also ban the use of ratepayer funds for unnecessary luxury activities and require independent audits of utility spending every three years.