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April 24, 2014

Renewable Energy Approvals for Detroit Edison

The Michigan Public Service Commission (MPSC) has approved a 2 MW Phase II for Detroit Edison’s customer-owned SolarCurrents Program.a Fifty percent of the renewable energy credit credits (RECs) will be purchased “up-front” for $0.20/W, with the remaining RECs purchased over the life of the system at $0.03/kWh. In a separate action at the MPSC,

Detroit Edison received approval for the purchase of up to 970,000 RECs at $7 per REC from Michigan Waste Energy for years 2009 through 2024. [This is a lower price than three previously submitted REC-only purchases.] In another docket Detroit Edison received MPSC approval of a 20-year 100 MW power purchase agreement (including RECs) with Tuscola Wind II, LLC, with pricing up to $70.45 MWh for net energy delivered.  Both of these matters were decided ex parte, which means without a hearing.

© 2014 Varnum LLP

About the Author

Bruce Goodman, Varnum Law Firm, Environmental Attorney
Partner

Bruce Goodman practices environmental law, energy law and construction law. His environmental expertise includes air quality permitting work, compliance counseling on air emissions, state and federal enforcement defense issues, and environmental management program development. His energy expertise includes negotiating numerous electric power sales agreements, both for wholesale sellers of energy and for retail consumers of energy, state rate cases, developing municipal energy tariffs, and energy project permitting....

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