Consumers Energy Seeking $174 Million U.S. Department of Energy Grant to Support Smart Grid Project and Reduce Customer Costs
October 16 2009 - 1:00PM
PR Newswire (US)
JACKSON, Mich., Oct. 16 /PRNewswire-FirstCall/ -- Consumers
Energy's application for a $174 million federal grant to support
development of its smart grid project and reduce costs for
customers has cleared the first hurdle with the U.S. Department of
Energy. The Energy Department has $3.4 billion of funding available
in the Smart Grid Investment Grant Program as part of the American
Recovery and Reinvestment Act of 2009. Consumers Energy's
application advanced through the initial screening and is being
reviewed by the department. The company's application has received
strong support from the state's congressional delegation, Gov.
Jennifer Granholm, state lawmakers, the Michigan Public Service
Commission and a number of local communities, including Grand
Rapids and Jackson. "This grant is important to Michigan because it
will help create jobs and support the development and deployment of
cutting edge technology in our state's energy infrastructure," said
U.S. Sen. Debbie Stabenow. "Along with creating jobs, this
technology will help keep Michigan competitive and ready for an
economic recovery." Stabenow and U.S. Rep. Mark Schauer visited
Jackson today to tour Consumers Energy's Smart Services Learning
Center, a full-size demonstration unit that shows how the smart
grid technology will improve service and convenience for customers
and help them save energy and save money. "This new technology is
very impressive. As we reshape our national energy policy,
technology like this will be a key part of our new approach to
using energy. With technology like this, we all will use less
energy, which not only will save us money, but it also will provide
some important environmental benefits," Stabenow said. Schauer said
the Consumers Energy project had strong support in Washington and
in Michigan because of the benefits it will bring to customers.
"This smart grid technology will give customers new choices and
detailed information that will help them save energy and save
money. A key goal of the American Recovery and Reinvestment Act was
to encourage the development and deployment of new technology to
help us use energy more efficiently. That's exactly what this
project will do and why I and so many others at both the state and
federal level have urged the Department of Energy to support it,"
Schauer said. Schauer added that he is optimistic, even though
there is stiff competition for the grants with utilities across the
country submitting hundreds of applications. Consumers Energy plans
to invest about $900 million through 2015 in its smart grid
program. A federal grant would reduce the amount that the company
would seek to recover from customers for the project. The new
"smart grid" meters will provide Consumers Energy's 1.8 million
electric customers with detailed information about their power
usage, allowing them to make decisions about energy efficiency,
conserving electricity during periods of high demand, and lowering
their energy costs. Consumers Energy also plans to add
communication modules to the existing meters for its 1.7 million
natural gas customers. That will allow the utility to provide more
detailed information about energy usage to those customers, so they
can make decisions about lowering their natural gas costs with
energy efficiency steps. The smart grid project is part of
Consumers Energy's Growing Forward strategy, which calls for
investing more than $6 billion in its utility operations over the
next five years. Those investments will improve service to
customers plus create jobs, boost the state's economy, and expand
the state's tax base. Consumers Energy, the principal subsidiary of
CMS Energy (NYSE:CMS), provides natural gas and electricity to
nearly 6.5 million of Michigan's 10 million residents in all 68
Lower Peninsula counties. For more information about Consumers
Energy, visit our Website at http://www.consumersenergy.com/
DATASOURCE: Consumers Energy CONTACT: Jeff Holyfield,
+1-517-788-2394, or Terry DeDoes, +1-517-374-2159, both of
Consumers Energy Web Site: http://www.consumersenergy.com/
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