Consumers Energy 2026 electric rate case
U-22070 · Opened Jun 2, 2026
Open
filed
← All utilities
Consumers Energy
Consumers Energy Company
MI · electric, gas
- Open cases
- 2
- Updated
- Jul 22, 2026
Current economics
Oversight and service
Proceedings
View all utility cases →Regulatory history
| Effective date | Proceeding | ROE | Common equity | Rate base |
|---|---|---|---|---|
| Current | Current electric profile Electric · Latest supported values | 9.9% Authorized · Mar 27, 2026 | 42.3% Authorized · Mar 27, 2026 | $16.11B Authorized · Mar 27, 2026 |
| Current | Current natural-gas profile Natural gas · Latest supported values | 9.8% Authorized · Sep 30, 2025 | 41.95% Authorized · Sep 30, 2025 | $11.49B Authorized · Sep 30, 2025 |
| Jun 2, 2026 | Consumers Energy 2026 electric rate case U-22070 · Projected test year ending April 30, 2028 · Electric | 10.25% Utility request · Jun 2, 2026 | 44.65% Utility request · Jun 2, 2026 | $17.98B Utility request · Jun 2, 2026 |
| Mar 27, 2026 | Consumers Energy 2026 electric rate case U-21870 · Electric Compare stagesROE Authorized 9.9% → Utility request 10.25% | 9.9% Authorized · Mar 27, 2026 | — | — |
| Dec 16, 2025 | Consumers Energy 2026 gas rate case U-21981 · Projected test year ending October 31, 2027 · Natural gas | 10.25% Utility request · Dec 16, 2025 | 43.33% Utility request · Dec 16, 2025 | $12.49B Utility request · Dec 16, 2025 |
| Sep 30, 2025 | Consumers Energy 2024 natural gas rate case U-21806 · Natural gas Compare stagesROE Utility request 10.25% → Authorized 9.8% | 9.8% Authorized · Sep 30, 2025 | — | — |
| Mar 21, 2025 | Consumers Energy 2024 electric rate case U-21585 · Electric Compare stagesROE Utility request 10.25% → Authorized 9.9% | 9.9% Authorized · Mar 21, 2025 | — | — |
| Jul 23, 2024 | Consumers Energy 2024 gas rate case U-21490 · Natural gas Compare stagesROE Authorized 9.9% → Utility request 10.25% | 9.9% Authorized · Jul 23, 2024 | — | — |
| Mar 1, 2024 | Consumers Energy 2024 electric rate case U-21389 · Electric Compare stagesROE Authorized 9.9% → Utility request 10.25% | 9.9% Authorized · Mar 1, 2024 | — | — |
View full observation log (49)
| Metric | Date | Stage | Value | Scope |
|---|---|---|---|---|
| Large Load Credit Collateral | Nov 7, 2025 | mechanism authorized | Default collateral equals 50% of the exit fee | Consumers Energy Rate GPD large-load provisions |
| Large Load Eligibility Threshold | Nov 7, 2025 | mechanism authorized | 100 MW individual or aggregate Aggregation includes commonly owned sites of at least 20 MW within the utility's service territory. | Consumers Energy Rate GPD large-load provisions |
| Large Load Exit Fee | Nov 7, 2025 | mechanism authorized | Remaining minimum bill plus system access charges The tariff multiplies the applicable monthly minimum obligations by the months remaining in the contract term. | Consumers Energy Rate GPD large-load provisions |
| Large Load Generation Resource Costs | Nov 7, 2025 | mechanism authorized | Not identified in Consumers Energy sources | Consumers Energy Rate GPD large-load provisions |
| Large Load Infrastructure Cost Responsibility | Nov 7, 2025 | mechanism authorized | $100,000 study fee reconciled to actual cost Each new large-load customer also requires a Commission filing to demonstrate that customer-caused costs are appropriately assigned. | Consumers Energy Rate GPD large-load provisions |
| Large Load Minimum Contract Term | Nov 7, 2025 | mechanism authorized | 15 years | Consumers Energy Rate GPD large-load provisions |
| Large Load Minimum Payment | Nov 7, 2025 | mechanism authorized | 80% of contracted demand | Consumers Energy Rate GPD large-load provisions |
| Common equity ratio | Mar 27, 2026 | authorized | 42.3% | Common equity in the authorized ratemaking capital structure; equivalent to 50% on a financial basis. |
| Rate base | Mar 27, 2026 | authorized | $16.11B | Electric generation and distribution; excludes approximately $2.1 billion of RPS renewables. |
| Return on equity | Mar 27, 2026 | authorized | 9.9% | Electric generation and distribution base rates. |
| Annual revenue change | Mar 21, 2025 | authorized | $153.81M/year | Prior authorized observation |
| Annual revenue change | May 31, 2024 | utility request | $325M/year | Prior authorized observation |
| Return on equity | Mar 21, 2025 | authorized | 9.9% | Prior authorized observation |
| Return on equity | May 31, 2024 | utility request | 10.25% | Prior authorized observation |
| Annual revenue change | Sep 30, 2025 | authorized | $157.5M/year | Prior authorized observation |
| Annual revenue change | Dec 16, 2024 | utility request | $248M/year | Prior authorized observation |
| Return on equity | Sep 30, 2025 | authorized | 9.8% | Prior authorized observation |
| Return on equity | Dec 16, 2024 | utility request | 10.25% | Prior authorized observation |
| Revenue change | Dec 17, 2025 | utility request | 10% | utility-stated overall gas-customer rate impact |
| Revenue change | Dec 17, 2025 | utility request | 8% | utility-stated residential gas-customer rate impact |
| Annual revenue change | Dec 17, 2025 | utility request | $240M/year | requested natural-gas rate increase |
| Revenue change | Jun 2, 2026 | utility request | 9.8% | utility-stated residential electric rate impact |
| Annual revenue change | Jun 2, 2026 | utility request | $456M/year | requested electric base-rate revenue increase |
| Common equity ratio | Sep 30, 2025 | authorized | 41.95% | Common equity in the authorized ratemaking capital structure; equivalent to 50% on a financial basis. |
| Rate base | Sep 30, 2025 | authorized | $11.49B | Natural-gas distribution rate base. |
| Return on equity | Sep 30, 2025 | authorized | 9.8% | Natural-gas distribution base rates. |
| Annual revenue change | Mar 1, 2024 | authorized | $92M/year | Total company rate-case request or Commission-authorized outcome |
| Annual revenue change | Mar 1, 2024 | utility request | $218.2M/year | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Mar 1, 2024 | authorized | 9.9% | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Mar 1, 2024 | utility request | 10.25% | Total company rate-case request or Commission-authorized outcome |
| Annual revenue change | Jul 23, 2024 | authorized | $35M/year | Total company rate-case request or Commission-authorized outcome |
| Annual revenue change | Jul 23, 2024 | utility request | $136M/year | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Jul 23, 2024 | authorized | 9.9% | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Jul 23, 2024 | utility request | 10.25% | Total company rate-case request or Commission-authorized outcome |
| Annual revenue change | Mar 27, 2026 | authorized | $276.61M/year | Total company rate-case request or Commission-authorized outcome |
| Annual revenue change | Mar 27, 2026 | utility request | $436M/year | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Mar 27, 2026 | authorized | 9.9% | Total company rate-case request or Commission-authorized outcome |
| Return on equity | Mar 27, 2026 | utility request | 10.25% | Total company rate-case request or Commission-authorized outcome |
| Annual revenue change | Mar 21, 2025 | utility request | $302.58M/year | Total company rate-case request or Commission-authorized outcome |
| Residential monthly bill impact | Dec 16, 2025 | utility request | — | Representative residential monthly bill impact in the filing summary |
| Common equity ratio | Dec 16, 2025 | utility request | 43.33% | Filed total-company request |
| Overall rate of return | Dec 16, 2025 | utility request | 6.4% | Filed total-company request |
| Rate base | Dec 16, 2025 | utility request | $12.49B | Filed total-company request |
| Return on equity | Dec 16, 2025 | utility request | 10.25% | Filed total-company request |
| Residential monthly bill impact | Jun 2, 2026 | utility request | — | Representative residential monthly bill impact in the filing summary |
| Common equity ratio | Jun 2, 2026 | utility request | 44.65% | Filed total-company request |
| Overall rate of return | Jun 2, 2026 | utility request | 6.59% | Filed total-company request |
| Rate base | Jun 2, 2026 | utility request | $17.98B | Filed total-company request |
| Return on equity | Jun 2, 2026 | utility request | 10.25% | Filed total-company request |