Consumers Energy Requests $456M Rate Boost, Raising Prospect of Higher Power Bills in Michigan

Consumers Energy is seeking approval from Michigan regulators for a $456 million yearly electric rate hike, a move that prompted Attorney General Dana Nessel to say she will intervene. If approved, the case could boost residential power bills by 9.8%. The Michigan Public Service Commission will decide how much of the rate increase will fall on customers.

Idaho Power Pushes for Two New Gas Plants; Customer Timeline Starts

Idaho Power Pushes for Two New Gas Plants; Customer Timeline Starts

Idaho Power is stepping up its case for two new gas power plants in southern Idaho as it says higher demand is pushing past reliable supply when usage peaks. KTVB said Tuesday the utility argues the additions will help keep up with rising power needs. State regulators have a written-comment process going for the proposal.
3 June 2026
Exxon Texas Vote Faces $160 Oil Warning While Hormuz Talks Stall

Exxon Texas Vote Faces $160 Oil Warning While Hormuz Talks Stall

Exxon Mobil senior vice president Neil Chapman told a Bernstein investor conference that crude prices could spike to $150-$160 a barrel in just weeks if global inventories drop to minimum levels. The warning adds pressure to the oil market, even as futures slipped on hopes for a U.S.-Iran ceasefire. “We’re approaching unheard of inventory levels,” Chapman said. Once stocks hit the bottom, prices can “shoot up.”
31 May 2026
Entergy Pulls In $90 Million Ahead of Hurricane Season

Entergy Pulls In $90 Million Ahead of Hurricane Season

Entergy New Orleans raised $90 million through a sale of long-term first mortgage bonds to institutional buyers, the utility said. The deal adds to its secured debt load right before the Atlantic hurricane season starts, with Entergy stepping up talk about storm preparation in the Gulf South.
28 May 2026
Dutch Regulator Targets Gas Bill Fine Print, Consumers Caught Off Guard

Dutch Regulator Targets Gas Bill Fine Print, Consumers Caught Off Guard

Dutch regulator ACM has intervened after energy companies put clauses in fixed gas contracts that allow price hikes during the contract period. The watchdog says fixed deals must set prices for the whole period and make that clear to the customer at the start. Action followed a consumer platform’s review of contracts across the sector.
22 May 2026
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