History
The company was founded in 1886 as Commonwealth Power Company by William A. Foote, originally tasked to install electric lighting in downtown Jackson. (His wife later founded Foote Hospital, also in Jackson, Michigan.) After a series of acquisitions and mergers involving other local electric, gas, and trolley companies which were properties of W.A. Foote, as well as Anton G. Hodenpyl and H. D. Walbridge, the company incorporated as Consumers Power Company in 1910 in Maine, and became part of the utility holding conglomerate Commonwealth and Southern, which held utilities in 10 other states.
Commonwealth and Southern dissolved in 1946, leaving Consumers Power (and all other utility holdings) an independent company. In 1968, the company reincorporated in Michigan and their headquarters were located in Jackson, Michigan. Consumers operated the Big Rock Point Nuclear Power Plant in Charlevoix from 1962 to 1997 and built the Palisades Nuclear Plant near South Haven in 1971, which is still in service.
In 1968, Consumers Power began construction of a nuclear power plant in Midland, Michigan, primarily for the Dow Chemical Company. The project's budget was $257 million, with completion anticipated in 1972. Extreme construction problems caused years of delays and costs soared. The Three Mile Island accident in 1979 resulted in a massive change in nuclear regulatory requirements and system redesign. When it was revealed that the containment buildings were settling and foundation cracks were discovered, Dow cancelled their contract with Consumers Power, and the project was abandoned in 1984. The $4.1 billion investment nearly bankrupted Consumers Power. However, in 1985, Consumers Power formed a partnership with eight other companies to convert Midland's abandoned nuclear plant into a gas-fired power plant. Transformation of the plant began in 1986 and was completed at a cost of $500 million. The Midland Cogeneration Venture began producing power in 1991 and that success restored faith in Consumers Power.
In 1997, the name of the company was changed to Consumers Energy.
Consumers Energy's trademark slogan is "Count on Us", and they are now a subsidiary of CMS Energy.
Read more about this topic: Consumers Energy
Famous quotes containing the word history:
“All things are moral. That soul, which within us is a sentiment, outside of us is a law. We feel its inspiration; out there in history we can see its fatal strength.”
—Ralph Waldo Emerson (1803–1882)
“The disadvantage of men not knowing the past is that they do not know the present. History is a hill or high point of vantage, from which alone men see the town in which they live or the age in which they are living.”
—Gilbert Keith Chesterton (1874–1936)
“When we of the so-called better classes are scared as men were never scared in history at material ugliness and hardship; when we put off marriage until our house can be artistic, and quake at the thought of having a child without a bank-account and doomed to manual labor, it is time for thinking men to protest against so unmanly and irreligious a state of opinion.”
—William James (1842–1910)