Thursday, December 20, 2012

Consumers Energy Wants To Spend $750 Million To Build Natural Gas Power Plant

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Tuesday, December 18, 2012

Consumers Energy Wants To Spend $750 Million To Build Natural Gas Power Plant

JACKSON - Consumers Energy wants to spend $750 million to build a 700 megawatt natural gas-fired power plant in Thetford Township, about 20 miles northwest of Flint. The project is expected to create about 600 construction jobs. The bulk of the construction jobs are expected to be filled by members of skilled trades unions. When completed, the proposed power plant also would create an estimated 30 operating jobs. Consumers Energy owns the 272-acre Thetford Township site, which features access to high-volume natural gas delivery and high-voltage power transmission lines. The site already is home to nine smaller natural-gas fired combustion turbine units. The current project schedule calls for construction to begin in 2015 and for the new combined cycle power plant to begin serving Consumers Energy's electric customers in 2017. At 700 megawatts, the proposed plant would be able to serve a community of about 445,000. Development of the power plant is contingent upon the company obtaining an air permit from the Michigan Department of Environmental Quality, a certificate of necessity from the Michigan Public Service Commission and suitable financing. Consumers Energy file an air permit application Monday with the MDEQ. The application will be for a permit that covers two combined cycle units at the Thetford site, supporting the company's option to develop a second unit at a later date. The MDEQ will set the schedule for its review of the permit application. The company expects to file a certificate of necessity application with the MPSC in 2013. John Russell, the president and chief executive officer of Consumers Energy, said the estimated $750 million investment in the proposed plant would be in addition to the $6.5 billion that the company previously announced that it planned to invest in its utility operations through 2017. Russell also said that Michigan's 2008 energy law put a comprehensive energy policy in place that gives Consumers Energy and other utilities the financial certainty and regulatory structure that they need to make major investments that create jobs and boost the state's economy.

Author: Staff Writer
Source: MITechNews.Com

Source: http://www.mitechnews.com/articles.asp?id=15199

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