Today, U.S. Representative Haley Stevens (MI-11) introduced the Stop Unfair Electricity Prices Act, legislation aimed at holding investor-owned utility companies accountable and protecting Michigan families from rising electricity costs while executives and shareholders reap significant profits.
She will hold investor-owned utility companies accountable for raising electricity rates.
Occurrences
Evidence
Representative Haley M. Stevens (1983 - ) In Congress 2019 - Present. Party Democratic. House Michigan, District 11 116th-119th (2019-Present). Member Activity: Sponsored Legislation [109]; Cosponsored Legislation (All) [1,460]; House Roll Call Votes [1,673].
The mission of the Michigan Public Service Commission is to serve the public by ensuring safe, reliable, and accessible energy and telecommunications services at reasonable rates. Industries We Regulate: Natural Gas; Electricity; Telecommunications.
Latest Action: 08/16/2022 Became Public Law No: 117-169. The act creates a new tax credit for the production of clean electricity. The act creates a new clean electricity investment tax credit for investment in qualifying zero-emissions electricity generation facilities or energy storage technology.
Roll Call 420 | Bill Number: H. R. 5376. Vote Question: On Motion to Concur in the Senate Amendment. Status: Passed. yea: 220; nay: 207. Stevens Democratic Michigan MI Yea.
RFF researchers model the impact of the proposed Inflation Reduction Act of 2022 on consumer electricity prices, finding that it reduces the average American household's electricity costs by $170-$220 a year. Retail costs of electricity are expected to decline 5.2-6.7 percent over the next decade.
The Michigan Public Service Commission recently authorized DTE Electric Co. to increase its revenue by $217.38 million. The approved revenue increase is more than half of DTE Electric's initial request in March for a 10% increase, totaling $456.4 million. Michigan Attorney General Dana Nessel advocated for a smaller hike.
DTE Electric filed for a $474 million rate hike Tuesday, two months after the state approved a $242 million rate increase that took effect in March. The request to the Michigan Public Service Commission begins a 10-month review known as a rate case. Attorney General Dana Nessel said she'll challenge the request.
Assessments
Stevens took a concrete federal action by voting for the Inflation Reduction Act, which included clean-electricity tax credits and was projected to reduce electricity costs. But the evidence does not show that she enacted or materially advanced a direct accountability mechanism for investor-owned utilities raising rates. Michigan utility rate oversight remained primarily with state regulators and the state attorney general, and DTE rate hikes continued after the federal action. This supports partial credit for addressing electricity-cost pressure, not full delivery of the specific accountability promise.