Constellation, Exelon back bill to expand energy market in Michigan

Constellation Energy and its parent company, Exelon Corp. (NYSE: EXC), gave their support for House Bill 5503, which aims to expand competitive energy markets in Michigan and address customers’ demands to be able to choose their electricity supplier.

“We believe this legislation will gradually restore much-needed competition to the state’s energy marketplace, give consumers equal opportunity to pay less for their energy, and put an end to Michigan’s distinction as the state with the highest energy rates in the Midwest,” said David Fein, vice president of state government affairs, East, with Exelon.

The legislation, introduced by Rep. Mike Shirkey, R-Clarklake,  would meet the demand for choice by eliminating the 10 percent cap on shopping for electric suppliers. This step would give about 19 percent of customers immediate access to competitive options in the Consumers Energy (NYSE: CMS) and Detroit Edison service territories. For each successive year, the legislation would allow up to an additional 6 percent of customers to shop.

Exelon’s Constellation business unit sells competitive energy products and services to business and residential customers in Michigan.

Read more financial news

Sponsored by FLSmidth
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Buyers Guide Company Listings

Datapartner Inc

Our software Invest for Excel is used by more than 100 power companies worldwide for capital budgeting, financial modeling and valuation. We also offer a Sharepoint solution for capex portfolio.

Interdevelopment Inc

Offers management consulting and marketing, financing for power plants, particularly energy production by renewable fuels, such as wind/solar/biomass power, including compliance issues.

The Clifton Corp

Engineering and development company specializing in water resources, hydro and solar power and biogas/methane facilities. Provides development services from engineering, economic and financial feasibility to financing and operations and maintenance.

Valentin Software Inc

Valentin Software is the largest, most comprehensive and oldest developer of solar PV and thermal design, simulation, modeling and financial analysis software, with customers in over 70 countries.

Power Industry Wire News

American Leisure Holdings, Inc. Announces Letter of Intent to Acquire Wroblewski Oil and Gas Company

American Leisure Holdings, Inc. Announces Letter of Intent to Acquire Wroblewski Oil an...

Blue Earth Completes $10 Million Private Placement

Blue Earth Completes $10 Million Private Placement

Energy Services Company ENSERVCO to Present at LD Micro Conference

Energy Services Company ENSERVCO to Present at LD Micro Conference

Philip Falcone Departs Harbinger Group Inc. and Will Continue to Advance HC2 Holdings, Inc.

Philip Falcone Departs Harbinger Group Inc. and Will Continue to Advance HC2 Holdings, ...

Planet Resource Recovery, Inc. Adds Water Industry/Manufacturing Veteran to Advisory Board

Planet Resource Recovery, Inc. Adds Water Industry/Manufacturing Veteran to Advisory Bo...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>