Governor hails renewable energy deal
Michigan Gov. Jennifer Granholm hailed a decision by Consumers Energy to buy renewable energy for the Michigan grid under a 20-year plan.
"These projects will help power Michigan homes and businesses, build markets for our growing wind manufacturing industry and create jobs," Granholm said in a statement.
Consumers Energy under the deal will purchase more than 230 megawatts of renewable energy from three wind farms operated by John Deere in the eastern and southern counties of Michigan starting in 2012.
Renewable energy derived from the decomposition of organic matter in a landfill operated by Houston's Waste Management Renewable Energy in eastern Michigan will contribute 12.8 MW of energy for Consumers Energy within two years.
"The power purchase agreements support Consumers Energy's plan to increase its renewable energy supply portfolio to 10 percent by 2015 to meet the requirements of Michigan's energy reform law," the utility company said.
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IEC reaches settlement on Palestinian electricity debt
TEL AVIV - The Palestinian Authority will pay Israel Electric NIS 915 million and take over management of its grid through Palestinian electricity supplier PETL.
The Israel Electric Corporation (IEC) (TASE: ELEC.B22) and Palestinian electricity supplier PETL have signed a draft commercial agreement under which the Palestinian Authority's (PA) debt of almost NIS 1 billion will be repaid. The agreement also transfers actual management of the supply of electricity to Palestinian customers from IEC to the Palestinian electricity authority.
Up until now, the IEC was unable to actually collect debts for electricity from Palestinian customers, because the connection with them was through…
