Consumers Energy is seeking to lower bills by $55 mill because renewables are coming in cheaper than expected.
From the Jackson Citizen Patriot: “The cost to comply with the standard has declined significantly,” Russell said. Russell said the reduction is possible because of declining production costs, better capacity factors and federal production tax credits.
Read the whole story here: http://www.mlive.com/business/jackson-lansing/index.ssf/2011/02/consumers_energy_to_ask_for_pe.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+michigan-news+(Michigan+News,+Updates,+Photos,+Videos+and+Opinions+-+MLive.com)
Read the Michigan Public Service Commission’s Report on compliance with the Renewable Portfolio Standard here: http://www.michigan.gov/documents/mpsc/Report_on_Implementation_of_PA_295_RE_Standards_and_Cost_Effectiveness_of_Standards_345871_7.pdf