2025 Consumers Energy Gas Rate Case - Cost of Capital
Citizens Utility Board of Michigan
Project completed.
Synapse assisted CUB of Michigan in the 2025 Consumers Energy gas rate case. Synapse Principal Associate Matthew Bandyk recommended an ROE of 9.24%, compared to 10.25% proposed by the utility. Michigan Public Service Commission ultimately ordered a decrease in ROE from 9.9% to 9.8%.