iThe Michigan Public Service Commission files an annual renewable energy report with the Governor and the State Legislature regarding the implementation of 2008 PA 295, the Michigan Clean, Renewable and Efficient Energy Act. The report for 2012 indicated:
- The 2008 renewable energy standard has resulted in $1.79 billion in investment in Michigan through 2012;
- 964 MW of new renewable energy projects have been constructed;
- The weighted average cost of renewable energy contracts shows a downward trend, with new renewable energy contracts at $82.54 per MWh average;
- New coal-fired generation is estimated to cost $133 per MWh;
- A total incremental cost of $74 Million was spent on renewable energy through 2011; and
- All electric providers except Detroit Public Lighting are on pace to meet the 10 percent renewable by 2015 targets.
