Consumers Energy is an investor-owned utility that provides natural gas and electricity to 6.7 million Michigan residents. It serves all 68 counties of the Lower Peninsula. It is the primary subsidiary of CMS Energy. Its customers include businesses, government buildings, and homeowners. For more information, visit consumersenergy.com. Here are some things you should know about the company. Its mission is to help people stay safe and comfortable. Founded in 1899, Consumers Energy was the first company to use renewable energy.
One of the company’s largest assets is its coal-fired power plants, which generated almost one-third of the power it supplied last year. However, in its annual report to the Securities and Exchange Commission, the company stated that it plans to replace its coal capacity with 8,000 MW of solar capacity by 2040. While it will likely spend $1 billion over the next five years to implement this plan, it anticipates saving $628 million over the same period.
Located in Michigan, Consumers Energy is a large utility, serving nearly six million people in the state. It provides natural gas to more than 6 million customers and is the primary utility of 68 counties in the Lower Peninsula. It also provides electricity to about 1.8 million people. Consumers Energy’s service area covers a number of cities, including Battle Creek, Bay City, Cadillac, Flint, Grand Rapids, Kalamazoo, Muskegon, and Saginaw.
Several other utilities have already shifted away from coal to meet carbon targets. Consumers Energy is considering retiring two coal-fired power plants early and becoming carbon neutral by 2040. However, there are many problems with this plan. Its coal-fired power plants produce nearly half of Michigan’s electricity. Therefore, Consumers Energy must make a decision about how to proceed. Consumers Energy’s decision to retire coal is inextricably linked to its financial and environmental performance.