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STATE OF MICHIGAN BEFORE THE MICHIGAN PUBLIC SERVICE COMMISSION ***** In the matter, on the Commissions own motion, regarding the regulatory reviews, revisions, determinations, and/or approvals necessary
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MPSC ratemaking refers to the process used by the Michigan Public Service Commission to determine and adjust the rates charged by utilities for services such as electricity, gas, and water to ensure they are fair, just, and reasonable.
Utilities and service providers operating in Michigan that wish to change their rates or seek adjustments due to changes in costs, demand, or service conditions are required to file MPSC ratemaking.
To fill out the MPSC ratemaking forms, utilities must provide detailed financial data, cost analyses, proposed rate structures, and supporting documentation that justifies the requested rate changes.
The purpose of MPSC ratemaking is to establish equitable and transparent rates for utility services while ensuring that providers can cover their costs and earn a reasonable return on investment.
Entities must report revenue requirements, operating expenses, balance sheets, cost of service studies, and forecasting data, along with any supporting documentation related to their rate proposals.
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