Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, June 14
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»UPPCO explains utility rate increase, renewable energy transition at Ishpeming open house
    Utilities

    UPPCO explains utility rate increase, renewable energy transition at Ishpeming open house

    October 23, 20242 Mins Read


    ISPHEMING, Mich. (WLUC) – The Upper Peninsula Power Company (UPPCO) is working to meet Michigan’s Green Energy Laws.

    UPPCO held an open house in Ishpeming to explain how it will meet the requirements of the new Michigan Energy Laws.

    UPPCO Manager of Communications and External Affairs Dan Freeborn says UP customers who use 500-kilowatt hours of electricity each month should expect a 5.6% increase in their monthly bill starting January 1st, Freeborn explains why rates are increasing.

    “Well, the need to continue investing in our distribution infrastructure and then of course like every other business around inflation has put some pressure on the business that we do, and supply chain constraints have been a piece of that as well,“ Freeborn said.

    Freeborn says the Michigan Energy Laws are broken into three categories.

    The Renewable Energy Standards goal is to establish a statewide renewable energy standard of 50% by 2030 and 60% by 2035.

    The Clean Energy Standard establishes a statewide clean energy standard of 80% by 2035 and 100% by 2040.

    Freeborn says a portion of the energy UPPCO already produces is renewable.

    “We have 7 hydroelectric facilities that generate 20 percent of our power at this point,” Freeborn said. “So, it’s something we are familiar with, the new energy laws that were put in place in 2023 give us a unique opportunity to expand on that.”

    Freeborn says UPPCO is also working on an integrated resource plan to meet the state’s green energy laws.

    “It’s a comprehensive plan for utility companies to put forth the basic needs of what we need to do to comply with those requirements and how we are going to be able to deliver reliable and cost-effective energy for our customers,” Freeborn said. “It is about a 5-year plan that we are putting out and it’s very common for utility companies to file every 5 years.”

    Freeborn says UPPCO has two planned solar projects.

    One project is in Republic, and another is the Groveland Mine solar project in Dickinson County, and these are set to begin operations in 2027 and 2028 respectively.

    There will be another UPPCO open house at the Finnish American Heritage Center in Hancock at 6 p.m. on Wednesday.

    Copyright 2024 WLUC. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleFlorissant woman says utility company buried wire through her entire backyard without permission
    Next Article Asian equity funds overtake global markets

    Related Posts

    Utilities

    Utilities Up as Rate Fears Subside – Utilities Roundup

    June 12, 2026
    Utilities

    Kinecx Energy raises £5,300 for Autism NI at inaugural Utilities Cup

    June 12, 2026
    Utilities

    How Energy Utilities Can Become Data Orchestrators

    June 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Bitcoin Japan buys stake in Elon Musk’s SpaceX via secondary market

    May 27, 2026
    Bitcoin

    Strategy Bitcoin Sale Fears “Flat Wrong,” Bitwise Says

    December 4, 2025
    Bitcoin

    Bitcoin Bulls fait face à un moment de maquille

    May 18, 2025
    What's Hot

    From Fuel Price Hike To Gift Nifty: 5 Key Triggers For Indian Stock Market Today

    May 18, 2026

    GTCO to become first Nigerian bank listed on London Stock Exchange

    July 3, 2025

    Cloudflare Outage Pullback Highlights a Potential AI-Driven Value Opportunity

    November 19, 2025
    Most Popular

    Une école en Écosse enseigne désormais le Bitcoin

    April 18, 2025

    Bitcoin (BTC) Funds Set for Worst Month as Investors Yank $3.5 Billion

    November 24, 2025

    Vanke to Show Extent of Property Crisis That’s Bruising Chinese Banks – BNN Bloomberg

    August 23, 2024
    Editor's Picks

    At least one metric remains at a record high

    December 18, 2025

    Millions denied payouts after Supreme Court ruling

    August 1, 2025

    Urbint raises $35M to boost storm response tech for utilities facing relentless hurricane season

    October 25, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.