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This much-needed set of 18 projects will improve electricity reliability, address overloaded wires , and help unlock more lower-cost wind and solarpower to replace costly, polluting fossil fuel plants in Michigan and many other states in the Midwest (including Illinois and Minnesota ). Source: MISO. What’s in it for Michigan?
Earlier this year, the MPSC approved a settlement agreement on Consumers Energy’s integrated resource plan that commits the company to retire all its remaining coal-fired power plants by 2025, construct no new fossil gas infrastructure, and build large amounts of new solarpower between now and 2040.
In a report this year to its shareholders, New Fortress Energy leadership stated its plan to replace the aging generating fleet in Puerto Rico with methane gas units, saying that solarpower and storage would be complementary to the generation mix. So, why not transition to renewable sources?
The PBO estimates that these two tax credits will collectively provide over $11 billion to carbon capture and hydrogen projects by 2028. Though the PBO was not able to release information on the specific projects, the majority of the projects that have been proposed to date are in the energy sector.
Ohio- $2.80 PA- $3.27 -- Reuters: US Gasoline Prices Set To Climb As Presidents New Tariffs Kick In -- Bloomberg: Oil Posts 7th Weekly Loss On Easing War Risk, Tariff Chaos -- American Gas Association: Presidents Tariffs On Canadian Natural Gas Will Cost US Consumers At Least $1.1
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