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CMS, DTE Accelerate Coal Closures as Michigan Goes Greener

CMS, DTE Accelerate Coal Closures as Michigan Goes Greener

power

Industry Segment: Power | Word Count: 992 Words
Attachment: CMS 1Q22, DTE 1Q22

May 13, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--CMS Energy Corporation (NYSE:CMS) (Jackson, Michigan) and DTE Energy Company (NYSE:DTE) (Detroit, Michigan) are working with the state of Michigan, where both companies have the bulk of their operations, to eventually eliminate coal-fired power from the state's energy mix and build out its capacity for renewables.

Both companies are pledging net-zero carbon by 2050, but are staying focused on natural gas development in the near term. One of DTE's most ambitious (and highest-valued) projects, natural gas-fired, combined-cycle (NGCC) power station, is on the cusp of starting operations. CMS plans to invest roughly $14.3 billion in capital-spending projects over the next five years, including a $1 billion increase for natural gas-focused projects. Industrial Info is tracking more than $3.6 billion worth of active projects from CMS and DTE.

Other companies featured: General Electric (NYSE:GE)

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