While Increased Regulations Shut Down Coal Plants, Energy Costs Skyrocket [Michigan Capitol Confidential]: As Michigan’s coal industry has been decimated in part by increased federal environmental regulations, some experts are concerned energy bills will skyrocket.
Consumers Energy announced it was canceling its plans for a clean coal plant near Bay City. Consumers Energy also announced it didn’t anticipate operating its seven coal-fired plants past January 2015.
At the same time it’s shutting down coal plants, Consumers Energy proposed hiking its electric-rates by $147 million this year. The Michigan Public Service Commission limited the increase to $118 million.
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