Increase Could Appear On August's Bill
Detroit Edison Co. plans to raise average monthly residential electric bills by $1.25.Michigan's largest utility said Friday the increase would appear on August bills, though regulators have until July 26 to weigh in.Utilities can increase power bills on their own if the Michigan Public Service Commission doesn't act within six months of a rate request being filed. Refunds with interest must be paid if regulators decide a utility charged too much.Edison plans to raise rates temporarily until January while waiting for regulators to act on a bigger rate proposal.Residents could pay $7 more per month than now depending on what regulators allow, though Edison now said it's asking for less because of savings in operations and lower fuel costs.
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