DailyTimeCapsule brief
September 1, 1987
On September 1, 1987, Midland Co-Generation announced the selection of a new chief executive, marking a pivotal moment in the company’s trajectory within the energy sector. As the demand for alternative energy sources was rising, companies like Midland began to capitalize on co-generation technologies, which simultaneously produced electricity and useful heat. Globally, this period was marked by a focus on energy efficiency and diversification of power sources, as nations faced challenges stemming from previous oil crises. The United States was also navigating various geopolitical issues, including relations with the Soviet Union and concerns over economic stability as the Reagan administration continued to implement its conservative economic policies focused on deregulation and tax cuts.
Key developments
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Rodney Boulanger has been appointed as the president and chief executive of the Midland Co-Generation Venture, a notable limited partnership established earlier this year. The partnership is a collaboration between Michigan's leading utility, Consumers Power Company, and the Dow Chemical Company, signifying a strategic move to enhance energy production efficiency. Boulanger's leadership is expected to steer the venture towards innovative co-generation solutions in the energy sector.
