Consumers Energy, Michigan’s second-largest investor-owned electric utility, plans to invest over $17 billion in capital spending across generation, distribution, and other assets in the next five years. This significant investment is driven by projected load growth, particularly from data centers, and the need to comply with Michigan’s 100% carbon-free electricity mandate by 2040. The company also anticipates filling generation gaps with firmer resources like batteries and natural gas, especially as older thermal plants are decommissioned.
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Consumers Energy plans over $17B in capital spending in next 5 years
Consumers Energy, Michigan’s second-largest investor-owned electric utility, plans to invest over $17 billion in capital spending across generation, distribution, and other assets in the next five years. This significant investment is driven by projected load growth, particularly from data centers, and the need to comply with Michigan’s 100% carbon-free electricity mandate by 2040. The company also anticipates filling generation gaps with firmer resources like batteries and natural gas, especially as older thermal plants are decommissioned.