Analysis Ranks Michigan Electric Utilities Based On Renewable Energy

Posted by Lauren Tyler on June 28, 2016 No Comments
Categories : New & Noteworthy

A newly released analysis by sustainability nonprofit Ceres has ranked Michigan’s CMS Energy and DTE Energy 17th and 19th, respectively, in renewable energy efforts among 30 of the nation’s largest utility holding companies.

The analysis, titled Benchmarking Utility Clean Energy Deployment: 2016 Update, ranks 30 of the nation’s largest electric utility holding companies based on renewable energy sales, annual energy efficiency savings and lifecycle energy efficiency savings.

According to the study, about 9% of each utility’s overall retail sales were from renewable energy sources, such as wind, solar and biomass, in 2014. Both performed better on energy efficiency, with DTE Energy ranking 6th and CMS ranking 11th.

In addition, CMS Energy and DTE Energy largely fulfilled Michigan’s renewable portfolio standard in 2014, which required electric utilities to achieve 10% of their sales from renewable sources by 2015.

Michigan’s clean energy policies have helped the state reduce greenhouse-gas emissions by over 18% from 2006 to 2014 and position it to make additional reductions proposed by the Clean Power Plan (CPP). The CPP requires each state to develop an implementation plan to achieve specific reductions; Michigan must achieve a reduction of 39.4%.

The state’s clean energy sector is also reaping economic benefits. It now supports over 87,000 jobs, according to a new study released in March by the public service commission.

“Renewable energy and energy efficiency are increasingly cost-effective options for electric utilities,” says Dan Bakal, director of electric power at Ceres. “Our analysis shows that the U.S. electric sector is in the midst of an unprecedented shift toward clean energy resources and that state policies are critical for continued progress.”

To read the full report, click here.

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