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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. Industrial Info is tracking more than $3.6 billion worth of active projects from CMS and DTE.
DTE
"We're more focused than ever on our environmental initiatives, including several significant milestones in 2022," said Jerry Norcia, the chief executive officer of DTE, in a recent quarterly earnings-related conference call. "The Blue Water Energy Center, our new natural gas plant, is on track to go into service later this quarter. This state-of-the-art facility has an 1,100-megawatt capacity and was constructed on time and on budget."
Click on the image at right for a graph detailing DTE's active projects, by fuel type.
One of DTE's most ambitious (and highest-valued) projects, the $989 million Blue Water Energy Center in East China, Michigan, is on the cusp of starting operations. The natural gas-fired, combined-cycle (NGCC) power station is fueled by a pair of combustion turbines and a steam turbine from General Electric (NYSE:GE), with a total output of 1,100 megawatts (MW). The facility will replace three coal-fired power plants surrounding the Detroit area that are set to close by the end of the year: Trenton Channel, St. Clair and Belle River.
"This year, our Trenton Channel and St. Clair power plants will cease operations," Norcia said in the earnings call. "After this transition, roughly 38% of DTE's generation mix will be attributable to the coal. And by 2028, after we cease coal use at our 1,000-megawatt Belle River power plant, coal will represent less than 30% of our generation mix. We are well on the path toward our net zero emissions goal."
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed project reports on the Blue Water Energy Center and the eventual dismantlement and demolition of the Trenton Channel, St. Clair and Belle River coal-fired plants.
Norcia also pointed to DTE's push for more solar development. The company expects to build about 300 MW worth of solar projects in 2023, according to Norcia, and work on another 200 MW in public-private partnerships. He acknowledged some of these projects could be pushed out to 2024 "in the worst case," but said DTE could manage any such additions to its slate for that year.
DTE is seeking permits for a proposed solar project in Ann Arbor, Michigan, which would generate 20 MW from the Pittsfield Township community. In October, the Pittsfield Charter Township Board of Trustees unanimously approved plans for the development on Ann Arbor-owned land in the township, which includes a now-closed landfill, according to MLive Media Group. If the project is approved, DTE expects it to begin operations sometime next year. Subscribers can learn more from Industrial Info's project report.
DTE expects capital investment of $18 billion in over the next five years and $40 billion over the next 10 years for its utilities. DTE reported first-quarter earnings of $394 million, a 7.6% decrease from first-quarter 2021.
CMS
CMS plans to invest roughly $14.3 billion in capital-spending projects over the next five years. The company is increasing its capital spending on natural gas-focused projects by about $1 billion, which Garrick Rochow, the chief executive officer of CMS, attributed in part to a 56-mile segment of the Mid-Michigan Pipeline Project in southcentral Michigan. CMS plans to replace a 70-year-old, 20-inch-diameter pipeline with a 36-inch-diameter transmission pipeline to transport up to 125 million standard cubic feet per day of natural gas from Livingston to Clinton counties. Subscribers can read more in Industrial Info's project report.
"Back in November of 2020, we got a large pipeline project approved through Act 9, which is the equivalent of a certificate of necessity that is folded into this plan," Rochow said in a recent quarterly earnings-related conference call. "As you might imagine, our replacing 56 miles of large transmission pipe [likely will cost] around $550 million. That's a big factor, as you build that bottom-up approach."
Click on the image at right for a graph detailing CMS' active projects, by fuel type.
CMS already is planning to begin construction toward the end of this year on a $40 million segment of the Mid-Michigan Pipeline Project, which would replace 25 miles of 36-inch-diameter pipeline between Williamston and Ovid counties. Subscribers can read more in Industrial Info's project report.
Rochow said about 40% of CMS' investment mix is aimed at renewable generation, grid modernization, and main and service replacements on its gas systems to support renewable-energy development. The company is reviewing proposals for the Mustang Mile Solar Energy project in Clinton, Michigan, which would generate 150 MW. Subscribers can read more in Industrial Info's project report.
Executives acknowledged that issues with the supply chain forced CMS to push out the development of some of its renewable projects into 2023 and 2024, but expressed confidence these projects would be completed eventually.
"I've been involved in large power plants and operations for 25-plus years. I don't think there's been a year in those 25 where I haven't seen projects move from year-to-year--major projects in terms of outages, in terms of construction timelines differed," Rochow said in the earnings call. "it's pretty typical in our industry to have a little give and take. And so, this supply chain challenge that's in front of us will dissipate over time. I have no doubt about that."
CMS reported first-quarter earnings of $353 million, a 1.15% increase from first-quarter 2021.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
DTE
"We're more focused than ever on our environmental initiatives, including several significant milestones in 2022," said Jerry Norcia, the chief executive officer of DTE, in a recent quarterly earnings-related conference call. "The Blue Water Energy Center, our new natural gas plant, is on track to go into service later this quarter. This state-of-the-art facility has an 1,100-megawatt capacity and was constructed on time and on budget."
Click on the image at right for a graph detailing DTE's active projects, by fuel type.One of DTE's most ambitious (and highest-valued) projects, the $989 million Blue Water Energy Center in East China, Michigan, is on the cusp of starting operations. The natural gas-fired, combined-cycle (NGCC) power station is fueled by a pair of combustion turbines and a steam turbine from General Electric (NYSE:GE), with a total output of 1,100 megawatts (MW). The facility will replace three coal-fired power plants surrounding the Detroit area that are set to close by the end of the year: Trenton Channel, St. Clair and Belle River.
"This year, our Trenton Channel and St. Clair power plants will cease operations," Norcia said in the earnings call. "After this transition, roughly 38% of DTE's generation mix will be attributable to the coal. And by 2028, after we cease coal use at our 1,000-megawatt Belle River power plant, coal will represent less than 30% of our generation mix. We are well on the path toward our net zero emissions goal."
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed project reports on the Blue Water Energy Center and the eventual dismantlement and demolition of the Trenton Channel, St. Clair and Belle River coal-fired plants.
Norcia also pointed to DTE's push for more solar development. The company expects to build about 300 MW worth of solar projects in 2023, according to Norcia, and work on another 200 MW in public-private partnerships. He acknowledged some of these projects could be pushed out to 2024 "in the worst case," but said DTE could manage any such additions to its slate for that year.
DTE is seeking permits for a proposed solar project in Ann Arbor, Michigan, which would generate 20 MW from the Pittsfield Township community. In October, the Pittsfield Charter Township Board of Trustees unanimously approved plans for the development on Ann Arbor-owned land in the township, which includes a now-closed landfill, according to MLive Media Group. If the project is approved, DTE expects it to begin operations sometime next year. Subscribers can learn more from Industrial Info's project report.
DTE expects capital investment of $18 billion in over the next five years and $40 billion over the next 10 years for its utilities. DTE reported first-quarter earnings of $394 million, a 7.6% decrease from first-quarter 2021.
CMS
CMS plans to invest roughly $14.3 billion in capital-spending projects over the next five years. The company is increasing its capital spending on natural gas-focused projects by about $1 billion, which Garrick Rochow, the chief executive officer of CMS, attributed in part to a 56-mile segment of the Mid-Michigan Pipeline Project in southcentral Michigan. CMS plans to replace a 70-year-old, 20-inch-diameter pipeline with a 36-inch-diameter transmission pipeline to transport up to 125 million standard cubic feet per day of natural gas from Livingston to Clinton counties. Subscribers can read more in Industrial Info's project report.
"Back in November of 2020, we got a large pipeline project approved through Act 9, which is the equivalent of a certificate of necessity that is folded into this plan," Rochow said in a recent quarterly earnings-related conference call. "As you might imagine, our replacing 56 miles of large transmission pipe [likely will cost] around $550 million. That's a big factor, as you build that bottom-up approach."
Click on the image at right for a graph detailing CMS' active projects, by fuel type.CMS already is planning to begin construction toward the end of this year on a $40 million segment of the Mid-Michigan Pipeline Project, which would replace 25 miles of 36-inch-diameter pipeline between Williamston and Ovid counties. Subscribers can read more in Industrial Info's project report.
Rochow said about 40% of CMS' investment mix is aimed at renewable generation, grid modernization, and main and service replacements on its gas systems to support renewable-energy development. The company is reviewing proposals for the Mustang Mile Solar Energy project in Clinton, Michigan, which would generate 150 MW. Subscribers can read more in Industrial Info's project report.
Executives acknowledged that issues with the supply chain forced CMS to push out the development of some of its renewable projects into 2023 and 2024, but expressed confidence these projects would be completed eventually.
"I've been involved in large power plants and operations for 25-plus years. I don't think there's been a year in those 25 where I haven't seen projects move from year-to-year--major projects in terms of outages, in terms of construction timelines differed," Rochow said in the earnings call. "it's pretty typical in our industry to have a little give and take. And so, this supply chain challenge that's in front of us will dissipate over time. I have no doubt about that."
CMS reported first-quarter earnings of $353 million, a 1.15% increase from first-quarter 2021.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
