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Proponents say a bill adopted by Missouri lawmakers and waiting Gov. Mike Parson’s signature will “save ratepayers money.” Opponents disagree, saying it s bad for ratepayers and jobs.
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Published: Tuesday, January 12, 2021
Coal power plant in Michigan. Photo credit: Consumers Energy/Flickr
Michigan utility company Consumers Energy plans to shutter the last two units of its coal-burning D.E. Karn generating station in 2023. The power plant, pictured here in 2010, is located on the shore of Saginaw Bay in Hampton Township. Consumers Energy/Flickr
Michigan utility Consumers Energy will take another step toward meeting its carbon-reduction goals in the spring of 2023 when it pulls the plug on the last two units at the coal-burning D.E. Karn generating station on the shore of Saginaw Bay.
But shutting down the 544-megawatt plant doesn t eliminate almost $700 million in unrecovered investments in Karn costs that will fall to the utility s 1.8 million customers even after the plant is no longer generating electricity.