In a natural gas rate case, the Michigan Public Service Commission permitted Michigan Consolidated Gas (MichCon) to increase its base rates by $19.9 million, or 2 percent. The new rates were in accord with a partial settlement that trimmed the company’s original rate increase request of $76.7 million by almost three-fourths. The company stipulated to a 10.5-percent ROE. For the full story and more analysis, subscribe to Utility Regulatory News. http://www.fortnightly.com/utility-regulatory-news-free-trial
