BWL, Consumers Energy will split energy use at F-RIB

News
BWLboardmtg_66654

LANSING, MI (WLNS) – The BWL Board of Commissioners has made some big decisions, one of which that influences the utility company’s partnership with Consumers Energy.

The Lansing Board of Water and Light and Consumers Energy will both provide energy for the Facility for Rare Isotope Beams, also known as F-Rib on MSU’s campus. At a meeting Tuesday night, the board unanimously approved a 20 year agreement to split the use 50-50 between Consumers Energy and BWL.

Both utility companies will split the profits 50-50. BWL will also front a 10 percent annual administrative fee to Consumers Energy.

Now the decision goes to the Michigan Public Service Commission for consideration.

Tuesday is the first time the BWL board has met since three more commissioners were appointed to the board, bringing it to its full capacity.

The BWL board also unanimously supported the authorization given to the general manager, Dick Peffley to develop a business case that demonstrates why BWL should not be sold. They will vote on this in two weeks.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Michigan Headlines

More Michigan