Renewable Energy Approvals For Detroit Edison

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The Michigan Public Service Commission (MPSC) has approved a 2 MW Phase II for Detroit Edison’s customer-owned SolarCurrents Program.  Fifty percent of the renewable energy credit credits (RECs) will be purchased “up-front” for $0.20/W, with the remaining RECs purchased over the life of the system at $0.03/kWh. In a separate action at the MPSC, Detroit Edison received approval for the purchase of up to 970,000 RECs at $7 per REC from Michigan Waste Energy for years 2009 through 2024. [This is a lower price than three previously submitted REC-only purchases.] In another docket Detroit Edison received MPSC approval of a 20-year 100 MW power purchase agreement (including RECs) with Tuscola Wind II, LLC, with pricing up to $70.45 MWh for net energy delivered.  Both of these matters were decided ex parte, which means without a hearing.

Topics:  Renewable Energy, Solar Energy

Published In: Administrative Agency Updates, General Business Updates, Energy & Utilities Updates, Environmental Updates

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.

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