Michigan utilities criticized for handing out executive bonuses while outages persisted
Oct. 09, 2024
During the same years an independent audit of Michigan’s two largest electric utilities faulted them for below-average service and glacial outage restoration times compared to peers in the Midwest, the power companies paid out bonuses to top executives based on that reliability track record.
Though the CEOs and other company officers at the top of DTE Energy and Consumers Energy didn’t receive the full payouts possible every year, utility critics say the companies set the bar too low with the incentives.
