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September 12, 2025

Michigan dams to be sold to private equity firm for $1 apiece

  • The deal would ensure their continued existence for the next three decades.
    • By KELLY HOUSE
    Bridge Michigan

    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, in a deal that would ensure their continued existence for the next three decades.

    Company officials announced Tuesday that Delaware-based Confluence Hydro LLC, which formed in June and registered to do business in Michigan in August, plans to sell the dams' electricity back to Consumers at an unspecified price.


     
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