How do the 2 largest utilities in Michigan plan to continue to provide electric services?
Their planning is part of each utilities submission of their long range plans required to be submitted and approved by the MPSC.
Consumers’ plan is approved and was praised by environmental groups and energy professionals for aggressively moving to renewable energy that is less costly than fossil fuels.
DTE on the other hand just recently submitted their plan. It was of course compared to Consumers. Most environmentalists and energy professionals found it to be less ambitious and more likely to maintain current status.
A comparison of the 2 plans is below.
DTE made the case they need a new solar plant while Consumers demonstrated that solar and wind can supply much of their forecasted need.
Unlike solar energy which requires no fuel, natural gas is a volatile commodity that can increase in price dramatically over time.
DTE customers will pay for any increase if the operating costs for the new gas plant are above predictions. Likewise, Consumers customers could see declining energy prices.
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Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.