10 Percent Of Power To Come From Renewable Sources By 2015

DETROIT (WWJ/AP) - A new report finds that most of Michigan's electricity providers are on pace to generate 10 percent of their power from renewable sources by 2015.

The Michigan Public Service Commission's annual renewable energy report finds the use of wind, sun and other renewables was expected to have reached 4.7 percent last year - up from 3.6 percent the previous year.

The report also finds the average price of renewable energy contracts is less than what was forecast and substantially lower than new coal-fired plants.

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)