Customers Power and Key Stakeholders Attain Landmark Settlement to Create Cleaner Power Future for Michigan

JACKSON, Mich., April 20, 2022 /PRNewswire/ — Customers Power and key stakeholders all through Michigan have agreed on a settlement associated to the corporate’s Clear Power Plan, a sweeping proposal to cease utilizing coal as a gas supply for electrical era by 2025, making the corporate one of many first within the nation to go coal-free.

The settlement, which requires regulatory approval, features a broad coalition of buyer teams, environmental organizations, the Michigan Public Service Fee (MPSC) workers, vitality business representatives, and the Michigan Legal professional Common and supplies a 20-year blueprint to fulfill Michigan’s vitality wants whereas defending the surroundings for future generations.

“It is a historic dedication to steer the clear vitality transformation and create a brighter future for our state,” mentioned Garrick Rochow, President and CEO of Customers Power. “A various set of stakeholders got here collectively to endorse a Clear Power Plan that can present dependable and inexpensive vitality to clients for many years to come back whereas defending the surroundings.”

Customers Power up to date its unique 2018 Clear Power Plan by together with the pledge to speed up the elimination of coal to 2025, amongst different advantages to clients and surroundings in its 2021 Clear Power Plan, filed with the MPSC final June. The settlement settlement supporting Customers Power’s plan comes after greater than a 12 months of listening to key stakeholders’ concepts and enter. The subsequent step within the course of is for the MPSC to evaluation the settlement settlement.

The settlement contains:

  • COAL PLANT RETIREMENTS BY 2025: closes all three models on the J.H. Campbell coal plant in West Olive, Michigan in 2025 along with two models on the D.E. Karn coal plant in 2023 (as per the 2018 Clear Power Plan) and shall be among the many first utilities within the nation to go coal-free by 2025.
  • RISE OF SOLAR: continues the fast transition to wash, renewable sources by including practically 8,000 megawatts (MW) of solar energy by 2040 making certain 60 % of our capability comes from clear sources.
  • BATTERY DEPLOYMENT: accelerates vitality storage from 2030 to 2024 with a complete of 75 MW of vitality storage by 2027, reaching 550 MW by 2040.
  • SYSTEM RELIABILITY: ensures provide reliability by means of the acquisition of the Covert Producing Station in Van Buren County, a pure gas-fired energy plant.
  • AFFORDABLE ENERGY: creates worth stability and helps clients save an estimated $600 million {dollars} by means of 2040 in comparison with the 2018 Clear Power Plan. Customers Power would additionally proceed its profitable vitality waste discount applications which have saved clients greater than $4 billion since 2009. As well as, the corporate has dedicated to proceed to fund utility invoice help applications for low-income clients.

“Reaching consensus on this Clear Power Plan strikes Michigan towards a cleaner, extra dependable vitality future whereas caring for our co-workers and communities impacted,” Rochow mentioned. “We’re grateful for the considerate, constructive contributions of all stakeholders all through this course of and look ahead to the MPSC’s determination on our plan.”

Customers Power, Michigan’s largest vitality supplier, is the principal subsidiary of CMS Power ( NYSE: CMS), offering pure fuel and/or electrical energy to six.8 million of the state’s 10 million residents in all 68 Decrease Peninsula counties.

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