February 21, 2011 by USA Post
Consumers Energy, The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy has declared a regular quarterly dividend on two series of preferred shares of the utility. The following dividends are payable April 1, 2011 to shareholders of record March 4, 2011: $ 1.04 & per share on $ 4.16 (NYSE: CMS_pa), and 1.125 per share on $ 4.50 (NYSE: CMS_pb).
In addition, a dividend of 0.96875 per security on CMS Energy’s Quarterly Income Preferred securities (NYSE: CMS_pz) is payable April 15, 2011, to shareholders of record March 31, 2011. CMS Energy will pay the trustee the interest on related debentures to cover the dividend. CMS Energy (NYSE: CMS) is a company based in Michigan that has utility electricity and natural gas, energy consumers, as its core business and also owned and operated by independent power production.
For more information on CMS Energy, please visit our website at: www.cmsenergy.com
Consumers Energy and Detroit Edison, co-owners of the Ludington Pumped Storage Plant, announced today a major maintenance and modernization that will result in significant investments in northwest Michigan, 100 construction jobs per year and increase electricity generation plant by 16 percent. Each utility and will invest around 40 million per year for 10 years. The award-winning plant has been providing families Ludington Michigan and electric customers with reliable electricity at low cost since 1973.
“The Ludington Pumped Storage Plant has proven its value over several decades of service, providing millions of customers with Michigan electrical performance and reliability reliable. This major investment is a sign of our commitment to economic development in Michigan and points future growth of the state, “said John Russell, president of energy consumers and Chief Executive Officer. Consumers Energy operates the facility of Ludington and owns 51 percent of the facility.
“We are pleased to make this investment in the facility Ludington,” said Steve Kurma, president of Detroit Edison, 49 percent of factory owners Ludington. “These improvements will improve efficiency, increase its role in for clean energy sources for Michigan, creating jobs and ensuring that the plant will continue to contribute to the area economy Ludington and Michigan for several decades. This kind of long-term investment would not have been possible without the comprehensive energy legislation passed by the state legislature in 2008. ”
The proposed upgrade will begin in 2013 and is scheduled until 2019. It will be one of the largest construction projects in northwest Michigan since the plant was built Ludington. The project will provide significant economic benefits for the region of Mason County, and will create 100 construction trades jobs per year, employing electricians, welders, crane operators, pipe fitters, millwrights and carpenters.
The upgrade and maintenance will increase efficiency in production capacity plant from its current level of 1,872 megawatts (MW) to approximately 2172 MW. The Ludington plant plays an increasingly important as a storage facility for renewable energy produced during off-peak periods, making renewable energy more affordable and more reliable.
While more wind generation is added in the Midwest, the plant can be used Ludington at night and during other periods when electricity demand is low for “storing” clean energy until that there is need for electricity customers. The Ludington plant addresses a major challenge for wind energy that is produced intermittently and cannot be stored, with the exception of special facilities such as Ludington.
The upgrade and maintenance efficiency has a major contract with Toshiba International Corporation for the manufacture and installation of equipment to raise the efficiency, reliability and production units of the plant Ludington 312 – MW six hydroelectric plants. Toshiba, a world leader in technology, electric generators, won the contract through a bidding process.
The Ludington plant pumps water during the night, 372 feet uphill to the reservoir of 27 billion gallons. The plant Ludington larger engines in the world when in pumping mode. During the day periods of customer demand for advanced electrical water is released through turbines to generate electricity. The plant currently produces enough to power a community of 1.4 million people. The upgrade will enable the facility to meet the electricity demand of a community of 1.65 million; while water has increased the efficiency of pumping will continue to lower the operating costs of the plant. The necessary maintenance and improvements planned for the next 10 years will enable the plant to continue to provide efficient and reliable service for many years to come.
The American Society of Plant Ludington honored as Outstanding Engineering 1973. Moreover, the plant has been named one of Top 10 Michigan civil engineering projects for the 20th century by the Michigan Section of the American Society of Civil Engineers.
Consumers Energy, the principal subsidiary of CMS Energy (NYSE: CMS), provides natural gas and electricity to nearly 6.5 million Michigan 10 million people in the 68 Lower Peninsula counties. For more information about Consumers Energy, visit our website at www.consumersenergy.com
Detroit Edison is an investor-owned utility serving 2.1 million electric customers in southern Michigan and a subsidiary of DTE Energy (NYSE: DTE), a diversified energy company headquartered in Detroit involved in the development and management of energy-related businesses and services nationwide. Information about DTE Energy is available at www.dteenergy.com
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