Michigan Public Service Commission Continues Method Of Setting Utility Revenues Based On Projected Future Costs

On July 10, the Michigan Public Service Commission ("Commission") issued an order in Case No. U-21637 ("Order") reaffirming its approach to establishing Michigan utility revenues based on utilities' projected future costs. It did so despite comments from numerous parties across myriad sectors including, among others, the Attorney General, Natural Resources Defense Council, Ecology Center, Michigan Environmental Council, Michigan Environmental Justice Coalition, Michigan League of Conservation Voters, Sierra Club, Association of Businesses Advocating Tariff Equity, and the Michigan Office of Administrative Hearings and Rules, explaining how this approach routinely results in utilities collecting tens of millions of dollars in rate revenue that is not needed to cover the cost of providing customers service.