Price Hike For Power

Some Michigan residents will soon be shoveling out extra money for power. The Associated Press reports that Michigan regulators have authorized DTE Energy to increase electricity rates by 4 percent. The $184 million annual rate hike, which was approved by the Michigan Public Service Commission on Tuesday, goes into effect on February 7^th. The increase is less than what the utility self-implemented in August, so customers will initially get a refund and interest.