Xcel Announces Plan to Sell Upper Peninsula Operations to Two Utilities

Xcel announces plan to sell Upper Peninsula operations to two utilities

(WXPR) - Xcel Energy announced Tuesday the sale of its Michigan operations to two utilities. This would impact customers in Gogebic and Ontonagon Counties in the Western Upper Peninsula.

Western UP energy customers could transition to UPPCO, SEMCO service

Xcel Energy, SEMCO ENERGY Gas Company and UPPCO announced the sale of Xcel Energy’s Michigan natural gas operations to SEMCO and electric operations to UPPCO.

Xcel Energy, SEMCO ENERGY Gas Company and Upper Peninsula Power Company announce sale of Xcel Energy’s Michigan operations

Xcel Signs Deals to Divest Michigan Utilities

The deals with local players SEMCO and UPPCO are expected to close sometime next year.

UPPCO agrees to acquire Xcel Energy’s Michigan electric utility assets in Axium-backed expansion

Subject to regulatory approval, the transaction would add 9,000 customers, 470 miles of distribution lines and 110 miles of transmission lines adjacent to UPPCO’s existing Upper Peninsula territory. IN BRIEFKEY TAKEAWAYSFAQs Axium Infrastructure has announced that its wholly owned portfolio … Read the full press release →

Xcel Energy Announces Sale of Michigan Operations

MINNEAPOLIS, Oct 6 — Xcel Energy (NASDAQ: XEL), SEMCO ENERGY Gas Company (SEMCO) and Upper Peninsula Power Company (UPPCO) today announced the sale of Xcel Energy’s Michigan natural gas operations to SEMCO and electric operations to [...]