DETROIT (WWJ) -- Get ready to pay more for your electricity.
On Friday, DTE Energy is expected to ask the Michigan Public Service Commission (MPSC) for a rate increase that would add $10 a month to a customer's average electric bill.
The power company hasn't sought out an increase since 2019 to give customers a break during the pandemic, said officials.
DTE's president, Trevor Lauer, said the proposed increase is to help fund a $388 million investment to "modernize and improve" reliability of the state's energy grid. Lauer said it will take the MPSC about 10 months to review DTE's Grid Modernization CleanVision plan and to take public comments.
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If the proposal is approved, the electric rate increase could take effect in November.
He told WWJ's Mike Campbell there's a lot of work to be done, and improving the grid for metro Detroit customers will take time.
"I use the analogy of roads. It would be great to repave every road all at once, but it doesn't happen that way," Lauer said. "So, we've been making improvements and this summer's crazy weather just demonstrated to us that we need to speed up those improvements."
DTE gas customers recently saw their average bill jump $3.18 a month when the company was modernizing their residential gas delivery network.
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