Electricity use is declining dramatically according to a newsletter published by the Energy Office of the State Department of Labor and Economic Growth. In the Dec. issue of Energy Tidbits John Sarver writes:
Unexpected Drop in U.S. electricity consumption has utility companies wondering whether this could reflect a permanent shift in consumption. Sales growth of 1% to 2% annually in the U.S. has been typical. American Electric Power, which owns utilities operating in 11 states, saw total electricity consumption drop 3.3% in the same period from the prior year. Among residential customers, the drop was 7.2%. DTE has also seen electric use drop during the past months and it may be as much as 2% by the end of the year.
Despite declining demand, several new power plants are proposed for Michigan.
DTE Energy (NYSE: DTE) which provides power to 1.3 million Michigan residents has applied for a permit to build a new nuclear power plant at it’s Fermi complex in Monroe.
The state Department of Environmental Quality is currently evaluating four proposals for new coal-fired power plants.