Staff Backs Maintaining DTE Electric Return on Equity in Michigan Rate Case
Michigan PSC staff recommends a $239.1 million rate increase for DTE Electric, cutting DTE’s $474.3 million request by about half. The staff urges keeping the utility’s authorized ROE at 9.90% and a 5.74% overall return on a $25.40 billion rate base for the test year ending Feb. 29, 2028, with most of the gap driven by a lower rate-of-return assumption.