Consumers Energy’s 1.8 million electricity customers across the state of Michigan will see their rates drop by $38 million as a result of the utility’s shutdown on April 15 of its Classic Seven oldest coal-fired generating plants.
According to the company, which is a subsidiary of CMS Energy, the plants have been shuttered for two reasons: coal generation costs are now higher than grid prices, spurred by record low natural gas prices; and the federal government is pushing for cleaner emissions.
