If Ontario Can Do It, Should Michigan Follow?

more+
less-

As Gov. Rick Snyder's energy policy forum process kicks off, one question that has to be on the table is "What does Michigan plan to do with its coal-fired generation?"  Ontario has asked that question and has answered by announcing the retirement of all of its coal fired generation by the end of 2014. Should Michigan follow this lead, understanding that it currently has a different generation mix? What does the "data" say? If one is looking for certainty in fuel prices, one need look no further than wind or solar---no future cost escalation there. [Delivered coal prices have doubled in recent years; who can predict natural gas prices?]. 

A recent study by the Michigan Environmental Council suggests that Michigan pays $1.5 billion in health-care costs and damages each year due to pollution from in-state coal fired generation. Consumers Energy has announced $6.5 billion in expenditures through 2017, in part to upgrade old coal-fired power plants. But are upgrades the right policy? The technology driven airline industry is retiring planes earlier and earlier in a massive cost cutting effort. When is the right time to schedule the retirement of coal-fired plants to save money by looking at new electric generating technology and new ways of doing business? To quote a proverb, "There may be no time like the present."

 

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Varnum LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×