Closing seven coal plants. That means something in America today. Yes, it was very significant. That was more coal plants retired than by any investor-owned utility in the nation. Newsweek named us one of the top 10 greenest companies in the nation—not just top 10 utilities, but of all companies. Stopping coal has many other environmental effects too. It reduces water use. Reduces waste to landfills. Reduces carbon, of course. So that was step one. Step two was making an ambitious goal for elimination of coal. We set 2040, which is a decade earlier than the Paris climate agreement. And the third step was the integrated energy plan. We have to file that plan with the Michigan Public Service Commission. This change represents such a whole new way of thinking, I’m wondering how it has affected the culture of the company. Does it just plain feel different at Consumers today? That’s funny. Nobody ever asks me that, but yes. It does. It feels much more entrepreneurial. More inspired. In fact, some of our newest employees came to Consumers specifically because of the commitments we have made. And some people who have been working at the company for a long time are so proud of the company for taking this stance. I don’t mean just senior management. The purpose-driven culture gives extremely high leverage. People are really enthusiastic about being part of this team. Here are two examples. We have two pilot projects in the state. One is in Grand Rapids, on the west side, and we worked with developers to create a block that demonstrates the newest energy technologies. We are putting in a new facility there, and that becomes an attraction for future employees to come work there. It’s a cool neighborhood, so you can live near your office and walk to work. And in Jackson, we announced a smart energy district, a block of downtown where we’ll be taking the clean energy goals and accelerating them in this clean energy district. There will be a public library, hotel, multi-use with residential up and retail down. Solar on the rooftops. Battery storage. It will be a microcosm of this new universe where we can demonstrate clean energy. What did you hear from other utility CEOs when you made your coal-free announcement? I would say about two-thirds of them said, “Good job.” And another one-third don’t have faith in new technologies and have doubts about renewables’ ability to cover base load power and about the ability to optimize energy. But two-thirds are making moves similar to what Consumers did. This point about renewables being economical, that the customer doesn’t have to trade-off anymore—the economic models are on the side of the planet now. Even if you don’t care one whiff about the planet, you still make the change based on the economics. It’s too late to save coal. You can’t save coal. The economics won’t allow it. Even just considering the waste associated with using coal. The waste at the mine. The waste getting it onto a train. The train traveling. Processing it for fuel at the plant before you can even burn it. Versus … the sun! Coal just doesn’t make sense anymore. And that helps even the old school folks come around the corner. Even when you know you are doing the right thing, I’m guessing the human side of closing plants makes it a bittersweet thing. Most utilities around the nation have an aging workforce. When we were closing our seven plants, I went to one when it was the last day of operating. I went to the control room. It was very emotional because there were 75 people in the room, and I asked how many of them were retiring tomorrow. And about half raised their hands. Many delayed their retirement to fulfill their duty to that plant. The other half had new jobs in the company. That plant had provided power to Michigan for 75 years. There was not a dry eye in that room. When I went to the plant, I didn’t know what to expect. Would there be picketing? Would everybody be mad at me? But I said it is our obligation to bring energy in the cleanest form possible. They nodded. They got it. |