Record-low temperatures across the state in late January led to record-high demand for natural gas. The
“We are reviewing the order from the MPSC and are already underway with modifications to our
Consumers filed a report in April with initial findings from the incident. An automatic release of natural gas combined with high winds and hot equipment caused the fire at Consumers’ largest natural gas storage site.
The estimated total cost for the incident is $25.5 million, including $18 million for repairs to the facility and more than $7 million in emergency natural gas purchases.
Consumers’ net earnings in the first quarter was $213 million — which is $28 million shy of the first quarter earnings in 2018.
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