✉news EnvironmentEnergy first seen 4 d ago, last 4 d ago, peak #19
Regulators say Michigan utilities exploit loophole to raise profits
Original: Loophole allows Michigan utilities to boost profits at customer expense, regulators say
Michigan regulators say a loophole in utility regulation is allowing the state's utilities to increase profits at the expense of customers. According to MLive.com, the loophole lets companies boost earnings beyond what regulators intend, effectively passing extra costs on to ratepayers. The report raises questions about oversight of energy pricing in the state and whether lawmakers or the Michigan Public Service Commission will move to close the gap.
Why now: Regulators' claims that consumers are overpaying utilities give the story immediate relevance to Michigan ratepayers.
Michigan utilitiesMichigan Public Service CommissionMLive.com
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2723009