Consumers Energy Agrees to Sell 13 Hydroelectric Dams

Consumers Energy picks private equity fund to buy Michigan dams for $1 apiece

Consumers Energy plans to sell its 13 aging and unprofitable Michigan hydropower dams to a subsidiary of a Maryland private equity firm for a dollar apiece.

Croton Dam sale ends years of uncertainty for Muskegon River community, recreation businesses

On Tuesday Consumers Energy announced plans to sell its remaining 13 hydro-electric dams in Michigan under a 30-year agreement with Confluence Hydro, a company owned by Hull Street Energy. SEE MORE: Consumers Energy set to sell all hydroelectric damsUnder the deal, Confluence Hydro will purchase the dams for a total of $13, one dollar for each facility, and will continue supplying electricity to Consumers Energy. The utility said hydro-electric …

Consumers Energy announces sale of 13 hydroelectric dams for $1 each

LANSING, Mich., (WPBN/WGTU) — Consumers Energy announced today that it has signed a purchase agreement to sell 13 hydroelectric dams along five Michigan rivers

Consumers picks private equity fund to buy Michigan dams for $1 apiece - Bridge Michigan

The deal allows Consumers to shed the last of its inventory of dams, which once numbered nearly 100. Buyer Confluence Hydro LLC plans to sell electricity back to the utility.

Consumers Energy reaches agreement to sell 13 Michigan hydroelectric dams

JACKSON – Consumers Energy announced on Tuesday, Sept. 9 it has signed a purchase agreement to sell its 13 hydroelectric dams along five Michigan rivers to Confluence Hydro, an affiliate

Consumers Energy agrees to sell 13 hydroelectric dams

GRAND RAPIDS, Mich. (WOOD) — Consumers Energy is selling its 13 hydroelectric dams to a Maryland-based energy investment firm. Consumers and Hull Street Energy, LLC, on Tuesday announced they had signed a purchase agreement. In a release, Hull Street said it has created a subsidiary named Confluence Hydro to manage the 13 dams, as well as others purchased by Hull Street in the future. The purchase agreement calls for Confluence Hydro to enter in…