Consumers Energy Plan Will Power Michigan's Next Generation with Reliable and Affordable Energy
Consumers Energy filed a 20-year Michigan power supply plan adding 19 GW of renewables plus new gas plants, pending regulatory approval.
Rhea-AI Summary
Consumers Energy (CMS) unveiled a 20-year Energy Supply Plan to provide reliable and affordable power for Michigan using a mix of natural gas, solar, wind, and storage resources.
The plan targets keeping customer costs rising at less than a 3% inflation rate while adding over 19 GW of solar, wind and battery storage by 2040, backed by two new fast-start natural gas plants totaling 1.4 GW in Bay and Genesee counties. It includes repurposing existing industrial sites, a new long-term power purchase agreement with Midland Cogeneration Venture, and two additional power contracts, including a clean resource contract tied to Michigan’s 2023 clean energy law. The company highlights projected community benefits of thousands of construction jobs, hundreds of permanent jobs, and local tax base increases by billions of dollars. The plan has been filed with the Michigan Public Service Commission and is subject to approval within the next year.
Positive
- Over 19 GW of new solar, wind and battery storage planned by 2040
- Two new fast-start natural gas plants providing 1.4 GW of capacity in Bay and Genesee counties
- Customer costs targeted to rise less than 3% annual inflation while adding new resources
- Customer programs have reduced bills by $8.5 billion since 2009, projected to reach $18 billion in savings by 2050
- Plan is expected to add thousands of construction jobs and hundreds of permanent jobs in Michigan
- Investments projected to enhance local community tax bases by billions of dollars
Negative
- Energy Supply Plan is subject to Michigan Public Service Commission approval within the next year, creating regulatory uncertainty
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Plan Includes All-Of-The-Above Mix of Solar, Wind, Natural Gas and Storage
Consumers Energy is committed to putting forward the most affordable energy plan that both delivers reliable service and meets
"Michiganders count on us to power their lives 24/7/365. This plan takes an all-of-the-above approach that serves our state and customers today and ensures we have the energy supply for our state over the next two decades," said Chris Fultz, Consumers Energy's senior vice president of electric supply. "Our plan will help lower customers' bills while powering
The Energy Supply Plan includes expanded renewable energy resources and two fast-starting natural gas plants to supply reliable power to our customers. In addition, we are announcing two contracts to purchase power from third-party sources – a clean resource contract to meet
- New Power Sources: The addition of over 19 gigawatts (GW) of solar, wind and battery storage resources by 2040 will meet customers' energy needs and targets in
Michigan's 2023 energy law. Those will be supported by two new fast-starting natural gas plants, generating 1.4 GW, inBay andGenesee counties that can serveMichigan at times of high energy demand. - Reliable, Efficient Generation: The plan repurposes existing industrial sites at the Karn Energy Center and in
Thetford Township , minimizing land impacts and replacing two retiring plants, delivering fast-starting power when customers need it. The plants will offer a solid reliability foundation that allows us to continue adding renewable energy. The Energy Supply Plan also includes a new long-term power purchase agreement with the Midland Cogeneration Venture to reliably powerMichigan customers. - Community Investments: This plan will strengthen the state's workforce by adding thousands of construction jobs and creating hundreds of permanent positions through our investments in natural gas, wind, solar and battery storage. In addition to the expanded workforce, the plan's investments in these local communities will enhance the tax base by billions of dollars.
- Clean Energy and Customer Resources: Our plan shows the company's continued commitment to clean energy options, such as solar, wind and battery storage to achieve targets set in the 2023 energy law. Consumers Energy also will continue to expand customer programs that have lowered customers' bills by
since 2009 and are projected to save$8.5 billion by 2050.$18 billion
"It's important to see Consumers Energy make this commitment to skilled labor jobs here in
The full Energy Supply Plan and supporting documents are being filed with the Michigan Public Service Commission today and are subject to approval in the next year.
Consumers Energy is
Learn more at ConsumersEnergy.com/EnergySupplyPlan.
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SOURCE Consumers Energy