Energy experts predict that last week’s adoption of Michigan’s first energy standard portfolio could save some $350 million in electricity costs alone, and by doing so, will allow businesses to cut costs and become more competitive, and that holds the promise of economic development and jobs.
According to excerpts from the story:
The Michigan Chamber of Commerce today applauded the Michigan Legislature for passing a much-needed comprehensive energy reform for Michigan.
"By passing this legislation (House Bills 5524 and Senate Bill 213), the Michigan Legislature has set the framework to help build new energy sources in Michigan and ensure homeowners and business have access to safe, reliable and affordable energy," said Rich Studley, President & CEO of the Michigan Chamber.
"A critically important element of this package for Michigan's job providers is returning to electric rates based on cost of service for industrial and commercial rate payers," explained Doug Roberts, Jr., Director of Environmental & Energy Policy for the Michigan Chamber.
Read the complete story here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.