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DTE Energy and Consumers Energy Commit To Increase Renewable Portfolios

In an effort to stave off a grassroots movement to increase the State of Michigan’s renewable energy mandate, DTE Energy and Consumers Energy announced on May 19, 2018, that they have agreed to significantly increase their renewable energy portfolios.

Both DTE Energy and Consumers Energy, Michigan’s two largest investor-owned utilities, agreed to boost clean energy production/usage to at least 50% by 2030, which is expected to be implemented through 25% renewable energy and 25% energy efficiency gains.

Michigan’s 2016 energy law put in place a goal of 15% renewable energy generation by 2021.

The utilities’ public commitment will be formalized by being added to their respective Integrated Resource Plans that will be filed with the Public Service Commission.

“This is a major win for the people and communities of Michigan,” Clean Energy, Healthy Michigan Campaign Coordinator John Freeman said. “We came to an accommodation that will serve both sides well.”

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Steven H. Hilfinger, Foley Lardner, Senior Lender Counsel, Global Finance Lawyer
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Steve Hilfinger is a partner and business lawyer with Foley & Lardner LLP. He has more than 25 years of transactional and finance experience, including representing private and public companies, senior lenders, mezzanine lenders and borrowers, venture capital funds and private equity funds, automotive suppliers and other manufacturers. Mr. Hilfinger focuses his practice in corporate and securities law matters, including mergers and acquisitions, corporate restructurings, private equity and venture capital transactions, debt and equity finance transactions, business...

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Jason W. Allen, Foley Lardner, Energy Industry Lawyer, Finance Attorney
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Jason Allen is a partner and business lawyer with Foley & Lardner LLP, where he is a member and co-chair of the Energy Industry Team. He is a member of the Finance & Financial Institutions, Transactional & Securities, and Private Equity & Venture Capital Practices. Mr. Allen’s practice focuses in the areas of mergers and acquisitions, private equity, finance, and general corporate and commercial law, with a particular emphasis on transactions in the energy industry. 

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Justus Britt, Solar Energy Project Attorney, Foley Lardner Law Firm
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Justus Britt is a business lawyer and special counsel with Foley & Lardner LLP. Mr. Britt focuses on the development and acquisition of solar energy projects. His project development experience includes advising clients on real estate, permitting, and construction matters, including negotiating supply, EPC, and O&M agreements. Mr. Britt’s acquisition experience includes leading due diligence efforts and assisting on stock and asset purchase agreements, as well as joint venture agreements. He is a member of the firm’s Energy Industry Team and the Transactional...

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