The
state announced Monday an agreement has been reached between Cliffs Natural
Resources and WEC Energy Group to provide the Upper Peninsula with long-term
electric supply.
If
approved, the agreement will provide 170 megawatts of new natural gas powered
generation across two sites. The plans also allow for the retirement of the
WEC’s Presque Isle Power Plant in Marquette by 2020. In January 2015, Governor
Rick Snyder and Attorney General Bill Schuette reached several agreements with
utility companies in the U.P. after a tariff was set by the Federal Energy
Regulatory Commission.