CPV Proposes New $1B Gas-Fired Elec Plant in Livingston, Mich.
Michigan is not within the Marcellus/Utica Shale region, so you may wonder why we would highlight a story about a new natural gas-fired electric plant proposed for Michigan. Although there is no shale drilling in Michigan (at least not yet), we still have an interest in the state. Why? Pipelines from the Marcellus/Utica are right now being built to Michigan (Rover, NEXUS). In addition, Marcellus/Utica gas is already flowing to points in the Midwest via pipelines like the reversed Rockies Express (REX). Once the gas makes its way West, it catches a ride on other pipelines to feed places like Chicago, and (yes) Michigan. In other words, it's a pretty good bet that the gas that will feed this plant if/when it gets built, will come from our region. Competitive Power Ventures (CPV) is proposing to build a new power plant in Livingston County. So far it's still only talk. However, the talk is starting to get serious. CPV recently purchased a 7-year option to buy 145 acres of farmland where the plant would be located. In other words, money is now starting to get spent, which is a good sign. Here's the particulars we could find about this project...
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