MCV – Michigan's Choice for Energy
MCV is the largest natural gas fired combined electrical energy and steam energy generating plant in the United States of America. MCV is a major supplier of electrical energy to customers in Michigan and the midcontinent, and a supplier of bulk process steam energy to proximity chemical production companies. Using combined-cycle heat and power (CHP) technology, MCV is an integral part of the clean energy economy, efficiently converting the energy contained in natural gas to produce electricity and process steam.
Located in Midland, Michigan, the facility is capable of continuously producing 1,633 Megawatts of electrical power, and in parallel, produce process steam at a rate of 1.5 million pounds per hour. This is enough electrical energy output to supply a city the size of over one million households, and at the same time, constantly supply major-sized industrial facilities with all of their process steam.
Our company has a highly capable workforce and in combination with strong partnerships with supporting vendors and industry leading operational programs, MCV has an excellent record in safety and reliability.
MCV – Michigan's Choice for Energy
Our mission is to safely deliver highly reliable and cost-competitive energy to our customers. We accomplish this by investing in both plant assets and in our employees. We focus on employee safety, operational excellence, workforce professional development, and adding value for our customers. We will achieve this by adhering to our core values.
We all know electricity is vital to our well-being as a society. In the Midwest region of the United States, whether the demand for electricity grows or supply is reduced because of shuttering plants, MCV is ready to provide additional energy from its facility in a safe, clean, reliable, and cost-competitive manner. When the need for additional energy arises in the state of Michigan, MCV will be ready to supply steam and electricity in support of economic growth.
In addition, MCV’s strategic location and technical capabilities offer a unique opportunity for a generation expansion. MCV can offer substantial cost advantages versus a greenfield development, as a capacity addition can be serviced by existing infrastructure and allow for significant savings for both residential, commercial and industrial users.
Originally designed as the Midland Nuclear Power Plant with twin pressurized water reactors similar in design to those at Palisades in South Haven, MI, owner Consumers Power abandoned the project, which was 85% complete, in 1984 citing numerous construction problems. Such problems included sinking and cracking of some buildings on the site due to poor soil compaction prior to construction, as well as shifting regulatory requirements following the 1979 Three Mile Island incident.
MCV was organized under an innovative form of non-utility ownership and was originally made up of seven partner companies, which were subsidiaries or affiliates of major worldwide organizations. Each partner had a vested interest in the partnership's success from being a supplier of equipment or gas transportation or being a customer or engineer/contractor. Conversion of the plant from an incomplete nuclear station to a combined cycle cogeneration facility began in 1986 and was completed in 1990 when commercial operation began.
The Midland Cogeneration Venture (MCV) began operation in 1990. At that time, it was the largest gas-fired steam recovery power plant in the world.
1990 - Power Magazine awarded MCV its 1990 Power Plant Award
1990 - Independent Energy magazine presented MCV its Innovative Project Award
Consumers owned a 49 percent share in Midland Cogeneration Venture until 2006.
In 2006, MCV was acquired by GSO and Rockland.
MCV began construction of six natural gas-fired boilers in April 2008 and completed the installation in February 2009. MCV invested approximately $72 million in the project and created 16 new full-time positions as a result. The Midland Area Chamber of Commerce awarded MCV the Midland Area Chamber of Commerce Excellence in Business Impact Award for this project.
In 2009, MCV was purchased by Swedish private equity firm EQT Infrastructure and US energy investment group, Fortistar, LLC, who is based in White Plains, NY.
In 2012, EQT and Fortistar sold MCV to Borealis Infrastructure which invests and manages assets on behalf of OMERS Administration Corporation—one of Canada's largest pension funds. MCV is contracted to supply Dow and Consumers Energy steam and electricity until 2025.
Saginaw Bay Underwriters & Amerisure Insurance recognized MCV with a safety award for 2 years of outstanding safety performance from July 2011 to July 2013.
Today, MCV is the largest natural gas fired, combined cycle cogeneration plant in the United States, capable of producing approximately 1,633 megawatts of electricity and 1,500 kp/hr of steam. The electrical capacity is approximately 15% of Michigan's Electrical Energy Supply. The primary generation components include 12 gas turbine generators ("GTGs"), 12 heat recovery steam generators ("HRSGs") – six with duct burners ("DBs"), one primary steam turbine ("ST"), one backup ST, one back pressure ST and six package boilers. The facility is a registered generation resource with MISO, which enables MCV to participate in the bulk power markets administered by MISO. MCV currently sells 1,240 MW of capacity and energy to Consumers Energy Company. In addition, MCV sells up to 150 MW of electricity and 1,000 kp/hr of steam to The Dow Chemical Company. Finally, MCV sells up to 250 kp/hr of steam to Dow Corning Corporation. MCV also generates FERC-approved reactive power and sells ancillary products in the MISO market. The balance of the capacity and energy is available for merchant sales. The facility is located on an approximately 1,200-acre site where a cooling pond occupies approximately 880 acres and the generation facility occupies approximately 200 acres.