Consumers Power Energy Purchases from Boyce Hydro – 2014
Consumers Power has submitted their energy purchases to FERC, see Documents section below.
Boyce Hydro for 2014 (Note: this is for all four Dams owned by Boyce)
- MegaWatt Hours Purchased: 32,693
- Total of Settlement: $2,266,751
Hydroelectric plants product electricity from the force of falling water.
To learn more visit the USGS site on “Hydroelectric power water use”.
Sanford dam produces electricity using 3 generators with a total generating capacity of 3.3 (MW).
Generator nameplate capacity for each generator is 1.2 (MW). Source: eGrid
In Oct. of 2015, Boyce will be bringing online a new variable pitch double regulated Kaplan turbine at the Sanford Dam. This will raise the generating capacity to 3.6 MW.
Annual generation is dependent on the amount of snow melt, rainfall and generator on line time and varies from year to year.
Boyce Hydro energy generation Output:
Boyce Hydro sells the electricity it generates to Consumers Energy under a Power Purchase Agreement.
A press release dated July 28, 2003 from VOLT INC. where they claimed to have acquired the assets of Wolverine Power Corporation discloses the following historical information. This sale was never completed. “The major assets included in the Michigan utility are the hydro-electric turbines which generate over 10 megawatts of power, the Federal Energy Regulatory Commission (FERC) License and the Power Purchase Agreement (PPA) with Consumers Energy which runs through the year 2022. Historical revenue from the PPA is approximately $1 Million dollars annually.”
Renewable Energy Credits (REC)
April, 27, 2010: The Michigan Public Service Commission (MPSC) approved a contract between Boyce Hydro Power, LLC and The Detroit Edison Company where Boyce will sell Detroit Edison 210,000 RECs at $7.75 price per REC. There is an additional 112,000 RECs that Detroit Edison can elect to purchase at the same $7.75 price per REC. The contract is for 7 years for the base amount of 30,000 RECs/year (210,000 in total). The value of these RECs to Boyce Hydro over the 7 year contract is $1,627,500 for the 210,000 RECs and the potential for another $868,000 for the optional 112,000 RECs.
Documents (all are from public records):
Consumers Energy Company submits revised FERC Form 1 Annual Report of Major Electric Utilities, Licensees and Others for the year ending 2014
Consumers Energy Company submits revised FERC Form 1 Annual Report of Major Electric Utilities, Licensees and Others for the year ending 2013
Consumers Energy Company submits revised FERC Form 1 Annual Report of Major Electric Utilities, Licensees and Others for the year ending 2012
Consumers Energy Company for the year ending 2011
Consumers Energy Company for the year ending 2010
Consumers Energy Company for the year ending 2009
Consumers Energy Company for the year ending 2008
Consumers Energy Company for the year ending 2007
Summary – Detroit Edison Company and Boyce Hydro REC Contract 04.06.2010