Consumers Energy Hydro Dams Sale and Upgrades
Sector: Hydro • Location: Michigan, United States
Source: MLive
Consumers Energy is seeking approval to sell its fleet of 13 hydroelectric dams in Michigan to Confluence Hydro, a subsidiary of private equity firm Hull Street Energy, for $1 apiece. The sale includes a power buyback agreement where Consumers would buy power from the dams for 30 years at twice the market rate. Federal incentives of nearly $23 million are being considered for upgrades to 10 of the
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Participants
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Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Consumers Energy is seeking approval to sell its fleet of 13 hydroelectric dams in Michigan to Confluence Hydro, a subsidiary of private equity firm Hull Street Energy, for $1 apiece. The sale includes a power buyback agreement where Consumers would buy power from the dams for 30 years at twice the market rate. Federal incentives of nearly $23 million are being considered for upgrades to 10 of these dams, including safety projects like spillway upgrades and stability improvements. The largest dam, Hardy Dam, requires a $350 million auxiliary spillway upgrade, which Consumers is seeking to delay amid the sale review. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
Region | Obfuscated |
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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