A settlement has been reached between Michigan’s Public Service Commision and the Upper Peninsula Power Company.
The agreement involved integrated resource plans.
With the new agreement, the Upper Peninsula Power Company has agreed to increase its energy waste reduction target to 1.65% for 2020 and 1.75% for 2021.
UPPCO had originally proposed a 1.5% increase.
Proceeding with a new 125-megawatt power purchase agreement for a proposed solar facility and filing a new integrated resource plan, by December of 2024, were also part of the agreement.
Integrated resource plans are utility companies’ long term plans for meeting customers electricity needs.
They are also required, thanks to Michigan’s 2016 energy laws, designed to ensure transparency with electricity issues including supply diversity, costs and environmental impact.