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A Midwest environmental law group is launching a "major new" initiative this year to work with utilities, municipalities and conservation groups to study the potential reuse of Michigan coal plants as public parkland as well as renewable energy production. The Chicago-based Environmental Law and…
Michigan PSC approves low-interest securitization bonds for Consumers Energy Published on December 21, 2020 by Chris Galford © Shutterstock The Michigan Public Service Commission (MPSC) took a series of actions on Consumers Energy Co. this week, approving up to $677.7 million of low-interest securitization bonds for costs of two retiring coal plants and a $100 million increase on electric rates for reliability efforts. For the securitization bonds, the money is in qualified costs related to the unrecovered book value of Consumers’ Karn 1 and 2 coal-fired generating units at a Saginaw Bay ...