Source: United States House of Representatives – Congresswoman Haley Stevens (MI-11)
WASHINGTON, D.C. – In response to DTE’s announcement that it will seek yet another electricity rate increase, Rep Haley Stevens issued the following statement:
“This is outrageous. DTE is out of control. They’ve raked in taxpayer support to fix the grid yet bills for hardworking Michigan families keep going up while executives and shareholders cash in.
“For months, I’ve been working on legislation to rein in DTE and out-of-control utility companies from raising rates. Under my bill, utility companies would face significant penalties if they raise rates within three years:
- In year one, any residential rate increase will lose them their federal funding.
- In years two or three, any rate increase must be accompanied by a cut to executive pay of twice the percentage of the increase or they lose their federal funding.
“This is about making sure Michigan families aren’t paying more just to make corporate executives richer. With DTE now threatening yet another rate hike, I’m doubling down. In the coming weeks, I will introduce legislation to make sure we are protecting Michigan ratepayers, not corporate profits.”
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