Mid-Michigan Energy is a partnership between LS Power Development, LLC, a power industry development, investment, and asset management company, and Dynegy, Inc., a wholesale power and power services provider. In 2007 Mid-Michigan Energy announced that it had identified a site in Midland, Michigan for the development of a $1.5 billion 750-megawatt coal-fired power plant. As part of the approval process with the City of Midland, they retained Anderson Economic Group to analyze the fiscal impact that the plant would have on the City of Midland and the economic impact the plant would have on Midland, Saginaw, and Bay Counties.
Anderson Economic Group found there would be 1,500 jobs created and $381 million in additional earnings in the tri-county area during the four year construction period, and 241 jobs and $13.9 million per year in earnings in the area on an on-going basis once the plant began operating. AEG also found that there would be a net positive fiscal impact of between $1.2 million and $3.4 million on the City of Midland during the construction period, and $3.4 million per year once the plant began operating.
We provided preliminary analysis results in time for a public hearing important in the permitting process, then provided a white paper clearly and credibly describing our methodology and results. AEG hosted the document on its website, managed a press release to local media, and fielded calls from newspapers and television stations inquiring about the analysis.
In late 2007 Mid-Michigan Energy received approval from the City of Midland to build the power plant, and plans to break ground in 2009.