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DBusiness Daily Update: CityFest Returns to The Whitney in Detroit Sept. 8-17, and More

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies. ....

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Coldwater utility buys back part of power grid to cement investment

The CBPU board approved the purchase Thursday evening, March 2. ....

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Company will build new transmission lines in Michigan | Crain's Detroit Business

A company will spend at estimated $850 million to build approximately 110 miles of new transmission lines to carry electricity in Michigan, a move the owner said will increase the state's ability to import power to maintain reliability.Michigan Electric Transmission Co., a subsidiary of Novi-based… ....

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Electric Transmission Upgrades in Michigan to Generate $6B in Economic Benefits

Michigan Electric Transmission Co. announced plans to construct, own, and operate new transmission line projects in Michigan. ....

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DC Circ. Backs FERC's Grid Rate Incentives Cut

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DC Circ. Backs FERC s Grid Rate Incentives Cut
Law360 (February 19, 2021, 8:01 PM EST) A divided D.C. Circuit on Friday backed the Federal Energy Regulatory Commission s decision to slash incentives from units of transmission company ITC Holdings Inc. following a 2016 merger, rejecting arguments that FERC unlawfully performed a policy about-face.
The ITC units International Transmission Co., Michigan Electric Transmission Co. LLC and ITC Midwest LLC argued FERC had no legal basis to conclude that incentives they received needed to be halved because they had a reduced level of independence after ITC Holdings merger with utility Fortis Inc., which also owns electricity generation facilities. ....

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