Joint Ownership for Presque Isle Power Plant
MARQUETTE, MI – (Great Lakes Radio News) – WE Energies and Wolverine Power Cooperative have announced that the two companies will pursue joint ownership and the addition of state-of-the-art emission controls at the Presque Isle Power Plant in Marquette.
The two companies announced at a press conference in Marquette this morning that they have signed an agreement in which Wolverine will acquire a minority interest in the facility by funding and constructing the air quality control additions. Wolverine will invest approximately $130 to $140 million to retrofit the facility’to meet expected environmental regulations.
WE Energies and its employees will continue to operate the Presque Isle Plant as well as the air quality control system.
This allows continued operation of the power plant and creates construction jobs in the region. The project will require approvals from state and federal agencies and upon final approval, construction is expected to be completed in spring of 2016.
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