Consumers Energy is suspending plans for a two billion dollar coal fired power plant near Saginaw Bay because of changes in the marketplace, including soft demand for electricity.
"Consumers Energy still continues to believe that new clean coal generating capacity will be in the long term best interest of customers as part of a balanced energy portfolio. But the current time table for the unit isn't consistent with today's market conditions," says Consumer's Energy Spokesman Jeff Holifield.
Environmental groups have long opposed Consumers Energy's plans.
The decision comes just days after the Granholm Administration decided not to award a permit to build another coal-fired power plant in Northeastern Michigan's Rogers City, proposed by Wolverine Power of Cadillac.
In denying a permit for the plant, state officials said there's not enough demand for the energy.
Environmental groups opposed to new coal plants say the decision announced today by Consumers validates the state's finding that Wolverine's proposal doesn't make economic sense.