Saturday, February 12, 2011

$800 Million Pumped Storage Project will Generate 100 Construction Jobs each year for Six Years

Consumers Energy and Detroit Edison, co-owners of the Ludington Pumped Storage Plant, today announced a major maintenance and upgrade project that will mean significant investment in northwest Michigan, 100 construction jobs per year and increase the plant’s power generation by 16 percent. Each utility will invest approximately $40 million per year over 10 years.

The award-winning Ludington plant has been providing Michigan families and electric customers with reliable, low-cost electricity since 1973. “The Ludington Pumped Storage Plant has proven its value over several decades of service, providing millions of Michigan electric customers with outstanding performance and dependable reliability. This major investment is a sign of our commitment to Michigan’s economic development and points to the state’s future growth,” said John Russell, Consumers Energy’s president and chief executive officer. Consumers Energy operates the Ludington plant and owns 51 percent of the facility.

Source; Solar Thermal Magazine

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