Rebuilding boom coming at Michigan power plants
The U.S. Environmental Protection Agency is refining its proposed clean air regulations that would require states to dramatically lower output of greenhouse gases over the next 15 years. For Michigan, the targeted reduction is 31% over 2012 levels.
Gerard Anderson, CEO of DTE Energy, estimated the emissions regulation will lead to the retirement of half or more of the coal-fired generation in Michigan. That capacity will be replaced with natural gas and wind power, both requiring big new investment in facilities. For the state as a whole across several power companies, including DTE, Anderson estimated $15 billion would be spent on new facilities.
"I would say that the electric sector is headed for the biggest transformation it's seen in 40 years, starting soon," Anderson told the Free Press. "This is the most important and most sweeping environmental regulation ever issued in our sector by a pretty wide margin, and perhaps the most important environmental regulation ever issued."
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Source: Detroit Free Press
CONTRACTOR SUPPLY MAGAZINE
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