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MI · gas · U-21806

Consumers Energy — 2024 general rate case

Closed case·Complete·Authorized

Bottom line

The order supports pipeline replacement and system safety investment while reducing the request by more than 36% and authorizing a 9.8% ROE.

Case summary

The MPSC authorized a $157.495 million gas distribution revenue increase, below the initial $248 million request. Rates took effect November 1, 2025.

Latest development
New rates effective

Nov 1, 2025

Next event
No scheduled event

Not scheduled

Case stage

Regulatory process

complete

  1. Filed

    Dec 16, 2024

  2. Testimony

    Not recorded

  3. Hearings

    Not recorded

  4. Briefing

    Not recorded

  5. Decision

    Sep 30, 2025

  6. Rates effective

    Nov 1, 2025

State rules

Base-rate reviews and adjustment mechanisms in Michigan

This docket is a full base-rate review. Selected charges can change on separate schedules without reopening every issue in this case.

Full base-rate review

No fixed recurring interval

A utility files when it seeks a base-rate change. The MPSC's general framework does not impose a common annual or multi-year filing cycle, but it requires a final Commission decision within 10 months of the application.

Rate period: Filing-specific forecast, historical support, and standard rate-case schedules.

Governing rule ↗

Between full reviews

Power and gas supply cost recovery

Variable surcharge · annual reconciliation

PSCR and GCR surcharges recover fuel, purchased power, transmission, and gas-supply costs above the amount in base rates. Actual costs are reconciled annually after a prudence review.

Governing source ↗
View the full Michigan regulatory framework →

Commission decision

Economics

Utility request and Commission-authorized outcome.

MetricUtility requestAuthorized outcomeLike-for-like difference
Annual revenue increase

$248M

Annual utility request

$157.5M

Prior authorized observation · Sep 30, 2025

+$90.51M

Rate base

Not available

Not captured in current case sources

Not available

Authorized value not captured

Return on equity

10.25%

Prior authorized observation · Dec 16, 2024

9.8%

Prior authorized observation · Sep 30, 2025

+45 bps

Common equity ratio

Not available

Not captured in current case sources

Not available

Authorized value not captured

Residential bill impact

Not available

Not captured in current case sources

Not available

Authorized value not captured

Utility context

Prior authorizations, mechanism values, actuals, and company projections are shown separately because they are not default like-for-like case comparisons.

Annual revenue change

authorized · Total company rate-case request or Commission-authorized outcome · Jul 23, 2024

$35M

Common equity ratio

authorized · Common equity in the authorized ratemaking capital structure; equivalent to 50% on a financial basis. · Sep 30, 2025

41.95%

Rate base

authorized · Natural-gas distribution rate base. · Sep 30, 2025

$11,490M

Return on equity

authorized · Natural-gas distribution base rates. · Sep 30, 2025

9.8%

Full docket record

3 events · 2 documents · 2 citations

View record
Last updated
Jul 20, 2026
Docket reviewed
Jul 20, 2026
Economics reviewed
Jul 20, 2026
Official documents
2
Evidence citations
2

Docket history

Material filings, hearings, orders, and effective dates.

  1. Dec 16, 2024

    Gas rate application filed

    official commission · completed

  2. Sep 30, 2025

    Commission order issued

    official commission · completed

  3. Nov 1, 2025

    New rates effective

    official commission · completed

Documents

Docket and evidence documents linked to this proceeding.

MPSC order summary for Consumers Energy gas rate case

evidence · primary · Sep 30, 2025

Open document ↗

Consumers Energy gas rate application

evidence · primary · Dec 16, 2024

Open document ↗

Citations

Field-level excerpts and review metadata supporting material facts.

Consumers Energy gas rate application

utility filing · Dec 16, 2024

MPSC order summary for Consumers Energy gas rate case

commission order · Sep 30, 2025

Raw observations

Stage-preserving economics and party positions as published in the canonical record.

MetricStagePartyPeriodValueEvidence
Annual revenue changeauthorizedparty-commission$157.5M
Annual revenue changeutility requestparty-utility$248M
Return on equityauthorizedparty-commission9.8%
Return on equityutility requestparty-utility10.25%