Name: How This Michigan Coal Plant Will Affect Power Prices In the Midwest
Uploaded: 2025-08-25T13:59:00Z
Duration: 4 min 27 s
Description: Andy Blumenfeld, data analytics director of coal at OPIS, talks to Barron's Laura Sanicola about Trump's decision to delay the retirement of the Campbell coal-fired power plant in Michigan and what it means for Midwest energy consumers.

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Andy Blumenfeld, data analytics director of coal at OPIS, talks to Barron's Laura Sanicola about Trump's decision to delay the retirement of the Campbell coal-fired power plant in Michigan and what it means for Midwest energy consumers.

https://m.wsj.net/video/20250825/500fb9f8-16eb-4328-91b3-18873bde8311/1/hls/manifest-hd-wifi.m3u8

How This Michigan Coal Plant Will Affect Power Prices In the Midwest

Hi, everyone, this is Laura Sanicola, author of "Barron's Energy Insider," and I'm here today with Andy Blumenfeld, data analytics director of coal at OPIS. Andy, thanks for joining me today.

I'm happy to be here. Thank you.

Yeah, so I want to talk about the Campbell coal-fired power plant in Michigan. It was slated for retirement earlier this year, and it's received another extension from the Trump administration to continue operating. So what can you tell us about that and what it indicates about power prices in the region perhaps?

Sure. So just a real quick background. In May this year, the Department of Energy issued an emergency order to keep the Campbell plant from retiring. It was scheduled to retire at the end of May. And this was a 90-day order that they're allowed to do under the Federal Power Act. That emergency order expired at midnight on August 20th, and the Department of Energy issued another 90-day order keeping the plant operating basically until mid-November. At that time, they could even issue another 90-day order keeping it open yet into 2026. The order came in really at last minute, and it's difficult to operate a power plant not knowing if you're gonna be retiring or not. So the implications for Michigan are actually quite large in terms of trying to understand how this plan is gonna operate and who's gonna pay for it. Consumers Energy has already said that that plant has cost them $29 million just in the first month of the emergency order. And they have put a case before the Federal Energy Regulatory Commission to try and figure out who's going to pay for the operation of this plant because of the emergency order. And it was decided recently from the Federal Energy Regulatory Commission that that cost would be spread amongst utility rate payers across the upper Midwest. So that includes Michigan, it includes nearby Wisconsin and Minnesota, Missouri, parts of Illinois, et cetera. So they're gonna try and spread these costs across many, many power systems, and it will affect the rates for electricity, you know, for a good portion of the Midwest.

So the power plant's life was extended in part to lower energy costs for consumers, but the extension is going to keep electricity prices elevated for rate payers in those regions. Is that a sort of the right way of thinking about it?

That's fair to say because Consumers Energy, you know, when they had already planned for the retirement of this already had purchased and put in place replacement electricity generation. So now we basically have what they had already planned and contracted for and the extension of or the extension of the Campbell power plant. So we have that to contend with, and the utility, Consumers Energy, is still trying to deal with this. And this includes, you know, the cost of acquiring the coal to keep the plant running, and obviously to keep people at the plant to keep it operating. So the costs are gonna be quite severe for the next few months at least. And that's gonna become a political hot potato, not only at in Michigan but elsewhere as other plants are gonna be, you know, are on the schedule to be retired here by the end of the year.

And do US coal producers benefit from this extension? Who benefits exactly?

Certainly they do. This plant will consume as much as 400,000 tons of coal a month, and this was unplanned demand. So the coal for this particular plant comes from Wyoming, and those coal producers will benefit from the additional sales that they'll have this year.

All right, well thanks for breaking that down for us, Andy, and thanks, everyone, for joining. We'll see you next week.