How to Get Your Power From Mid-America Energy Source Breitbart News – Energy Transfer Partners’ Mid-American Energy Source
By Alex Weprin, CNBC Staff WriterNew York-based Energy Transfer Partner, the largest energy producer in the world, announced plans to expand its operations in Michigan.
The company said it has entered into a partnership with Michigan-based MidAmerican Energy to bring more than 500 megawatts of renewable energy to the state.
The Michigan deal will deliver up to 1,500 megawatts in addition to its existing wind and solar projects.
“The new agreement will allow us to increase our energy production and expand our existing operations,” Energy Transfer President and CEO Brian Johnson said in a statement.
“The Midwest is poised to be the largest source of new energy in the U.S. and we are looking forward to working with MidAmerican to develop a new generation of American energy that can deliver jobs, prosperity and clean energy to our communities.”
Energy Transfer Partners is the second largest U.N.-backed energy company after ExxonMobil.
Its holdings include two coal-fired power plants in the state of Ohio, as well as several oil refineries.
Energy Transfer’s coal-generated power plant, the Peabody Coal Plant in Kalamazoo, has been plagued by safety issues, with the company admitting to a lack of controls over its emissions.
It is the largest coal plant in the Midwest.
In recent years, the plant has been under scrutiny for the deadly methane gas leak that resulted in hundreds of deaths in May.
The company’s acquisition of MidAmerican comes as Michigan’s governor and several state lawmakers have been pushing for the state to move away from coal.
“If you go through the list of the governors who have said ‘I’m not for it,’ that’s why,” Governor Rick Snyder said during a recent press conference.
“Because I think that we’re going to have an increase in jobs, we’re not going to be burning any coal.
It’s a better use of our resources.”
In the statement, Johnson said the expansion of Mid-Am Energy would provide more than 1,000 direct jobs and $2.5 billion in economic development for Michigan.
“This is an exciting time for our state and we look forward to continuing to be an energy powerhouse in the region,” he said.