homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

November 4, 2025

Michigan utility says selling dams, paying double for power is cheapest route

  • Consumers Energy says it would cost even more to decommission or maintain and repair the dams.
    • By KELLY HOUSE
    Bridge Michigan

    Consumers Energy plans to pay a premium price to buy back power from its 13 hydropower dams after selling them to a private equity firm for $1 apiece, the company revealed Friday in filings with state energy regulators.

    The disclosures, made in a nearly 2,300-page document filed with state and federal regulators who will decide whether to sign off on the agreement, is the utility's first accounting of costs associated with its plan to essentially give the dams to Confluence Hydro LLC, a subsidiary of Maryland-based Hull Street Energy.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.