Consumers President and Chief Operating Officer John G. Russell said the power provider needs the assurance of a stable customer base to attract investors to build a $2 billion, 750-megawatt coal-fired plant using the latest clean air technology to meet the state's growing energy needs.
The Karn-Weadock plant site in Hampton Township ranks among four finalists. Consumers expects to make a final decision on the location for a new plant this summer, company officials said.
Earlier this month, two private energy companies announced a joint plan to build a 750-megawatt coal-fired power plant in Midland. The $1.3 billion investment could start generating electricity by 2013.
The utility hopes the state House will introduce legislation this fall to repeal the law that allows competition in Michigan.
"What we're looking for is a little certainty," he said in an interview Friday at The Saginaw News. "Reform is required; repeal would certainly take care of it."