Consumers Energy and Key Stakeholders Reach Landmark Agreement to Create Cleaner Energy Future for Michigan
The agreement, which requires regulatory approval, includes a broad coalition of customer groups, environmental organizations, the
"This is a historic commitment to lead the clean energy transformation and create a brighter future for our state," said
The settlement includes:
-
COAL PLANT RETIREMENTS BY 2025:
closes all three units at the J.H.
Campbell coal plant inWest Olive, Michigan in 2025 in addition to two units at the D.E. Karn coal plant in 2023 (as per the 2018 Clean Energy Plan) and will be among the first utilities in the nation to go coal-free by 2025. - RISE OF SOLAR: continues the rapid transition to clean, renewable sources by adding nearly 8,000 megawatts (MW) of solar power by 2040 ensuring 60 percent of our capacity comes from clean sources.
- BATTERY DEPLOYMENT : accelerates energy storage from 2030 to 2024 with a total of 75 MW of energy storage by 2027, achieving 550 MW by 2040.
-
SYSTEM RELIABILITY:
ensures supply reliability through the purchase of the
Covert Generating Station inVan Buren County , a natural gas-fired power plant. -
AFFORDABLE ENERGY:
creates price stability and helps customers save an estimated
$600 million dollars through 2040 compared to the 2018 Clean Energy Plan.Consumers Energy would also continue its successful energy waste reduction programs that have saved customers more than$4 billion since 2009. In addition, the company has committed to continue to fund utility bill assistance programs for low-income customers.
"Reaching consensus on this Clean Energy Plan moves
For more information about
Check out
Facebook: https://www.facebook.com/consumersenergymichigan
Twitter: https://twitter.com/consumersenergy
LinkedIn: https://linkedin.com/company/consumersenergy
Instagram: https://www.instagram.com/consumersenergy
View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-energy-and-key-stakeholders-reach-landmark-agreement-to-create-cleaner-energy-future-for-michigan-301529026.html
SOURCE