COVERT, Mich. (September 22, 2017) – In a public meeting today, the Michigan Public Service Commission (MPSC) voted in favor of conditional approval of the request by Consumers Energy for early termination of its contract to purchase electricity from Entergy’s Palisades Power Plant in Covert, MI. Entergy announced in December 2016 an agreement with Consumers to terminate the power purchase agreement between the companies. Separately, Entergy previously announced its plans to close Palisades on October 1, 2018, assuming regulatory approvals are obtained for the termination of the power purchase agreement. The existing power purchase agreement is set to expire in 2022.
“Over the coming days, Entergy will review the ruling by the MPSC with Consumers Energy and assess the conditions that the order imposes on early termination of the power purchase agreement. The outcome of this process will influence whether Entergy reconsiders the decision to permanently shut down Palisades on October 1, 2018 or continues to operate the plant until spring 2022,” said Charlie Arnone, site vice president and Entergy’s top official at Palisades. “We greatly appreciate the continued patience of our employees and the local community in Southwest Michigan throughout this regulatory process, and we continue to focus on the plant’s safe and reliable operations.”
The Palisades Power Plant employs about 600 workers and has been a part of the Van Buren County community since it began generating electricity in 1971. The plant generates 811 megawatts of virtually carbon-free electricity, enough to power more than 800,000 homes.
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 9,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $10.8 billion and nearly 13,000 employees.