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Michigan Households Paid Nation’s 10th-Highest Electricity Cost In May 2021

Big utilities CMS Energy and DTE took profits of $752 million and $1.37 billion in 2020

Residents of the state of Michigan paid the nation’s 10th-highest household electricity costs as of May 2021, according to the federal Energy Information Administration.

The average amount paid by the state’s residential customers for electricity was 17.69 cents per kilowatt hour.

Hawaii residents paid the most, 32.81 cents per kilowatt hour. Utah households paid the least at 10.12 cents per kilowatt hour.

Most Michigan households get electricity from one of two big utility companies, Consumers Energy and DTE.

CMS Energy Corporation, the corporate parent of Consumers Energy, made $752 million in profits (net income) in 2020, up from $460 million in 2017.

DTE reported profits of $1.37 billion in 2020, up from $1.12 billion in 2017.

Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.