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Michigan Business Beat | Dick Peffley - Lansing Board of Water & Light and the GM Announcement

Michigan Business Beat
February 4, 2022 2:00 PM

LBWL

Chris Holman spends some time with Dick Peffley, General Manager, Lansing Board of Water & Light, Lansing, MI
To watch Dick and Chris discuss the GM announcement about investing $2.68 billion in an EV battery plant, please click on the YouTube video below:
 
Chris's conversation with Dick covers

Lansing BWL's connection to the GM announcement last week?

What impact will that have?

Shared below is a press releases put out at the time of the GM announcement.

Following General Motors announcement today on building its new $2.6 billion electric vehicle battery plant in Delta Township and reinvesting $550 million in its Lansing Grand River and Lansing Delta assembly plants, Lansing Board of Water & Light (BWL) General Manager Dick Peffley released the following statement: 

“The Lansing Board of Water & Light is thrilled to provide the energy to power GM’s new battery plant in Delta Township. As GM reinvents the auto industry, BWL is proud that we’ll continue providing GM’s utility services, just as we’ve done for more than 100 years. The BWL’s unique position as a publicly owned, hometown utility provided the opportunity to collaborate with General Motors on this transformational project, which will provide unprecedented economic opportunity and growth to the greater Lansing area. I want to recognize the talented BWL workforce and commend our state, regional and local leadership that contributed to making this once-in-a-generation opportunity a reality.” 

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Lansing, Michigan – The General Motors (GM) announcement that it intends to build two electric vehicle (EV) battery plants in Michigan, including one in Delta Township, has been hailed by the Lansing Regional Chamber of Commerce (LRCC) as “a great day for our region.”
 
The GM announcement today came after the Michigan Strategic Fund approved a package of incentives that were the final in a series of moves by state and local governments to clear the way for the projects. Locally, GM will invest $2.68 billion in an EV battery plant to be located near the current GM Lansing Delta Township Assembly Plant.
 
The project will support GM’s future growth in the electric vehicle (EV) market and create up to 1,700 new jobs in the Greater Lansing region. GM also announced it is making an additional $550 million in investments to its two existing assembly plants in the Lansing region, the Lansing Grand River and Lansing delta Township plants.
 
“This truly is a great day for the Greater Lansing region,” said Tim Daman, president, and CEO, LRCC. “The construction of this battery plant will not only create new jobs and investment in our region, but it also secures our long-term future relationship with General Motors. It will firmly establish our region’s world leadership position in the next-generation electric vehicle revolution.”
 
In December, the Lansing City Council and Delta Township Board of Trustees took an important step by voting to amend their 425 agreement – a legal move needed to allow the project to move forward. The state legislature also adopted a bill package that creates incentives to land significant jobs and investment projects, including those in EV/battery and semiconductor industries.
 
“The fact that we are on the cusp of this historic investment by GM is a testament to the willingness of our local and state leaders to join together in a collaborative, bipartisan fashion to make this happen,” said Daman. “We are most grateful for the work of Lansing Mayor Andy Schor, Lansing City Council, the Delta Township Board of Trustees and Capitol Caucus in the state legislature for their outstanding leadership on this issue.” GM is one of 13 LRCC Leadership Circle members, a group of investors that are proven business and community leaders.
 
What's the latest rundown of clean energy steps by LBWL in '21/'22?
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Michigan Business Beat, hosted by Chris Holman, discusses economic development, new or unusual entrepreneurial initiatives, and successful business practices from different regions and industries around Michigan with a wide range of entrepreneurs and business leaders.

8:00 AM every Monday through Friday
Replay: 8:00 AM, 2:00 PM, 8:00 PM, 2:00 AM The music for 'Michigan Business Beat' is graciously shared use of Phil Denny's "Traffic Jam" off his 2012 CD 'Crossover'

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