DTE Energy filed an amended renewable energy plan with the Michigan Public Service Commission (MPSC) that proposes to lower the monthly surcharge paid by residential customers to 43 cents from the current $3.
DTE Energy’s plan calls for an overall reduction of business and residential electric rates of nearly $90 million per year. In addition, the amended plan continues to achieve full renewable portfolio standard (RPS) compliance each year through 2029, although the projected number of megawatts (MW) needed to achieve compliance has been reduced to 950 from 1,000.
The plan has to be reviewed and approved by the MPSC.
Between 2007 and 2011, for example, DTE Energy has seen a 1 percent drop in operating costs, compared with an industry average of a 23 percent gain.
DTE Energy has reached 92 percent of its 950 MW goal with either operating projects or those under contract. DTE Energy expects to invest about $1.3 billion to achieve its 10 percent goal during the 20-year program.