Sale of 13 Hydroelectric Dams by Consumers Energy
Sector: Hydro • Location: Michigan, United States
Source: Crain's Grand Rapids
Consumers Energy plans to sell 13 aging hydroelectric dams located on the Au Sable, Grand, Kalamazoo, Manistee, and Muskegon rivers in Michigan's western and northern Lower Peninsula to Hull Street Energy LLC subsidiary Confluence Hydro for $1 each. The sale is pending state and federal regulatory approvals. The deal includes a 30-year agreement for Consumers to buy back electricity from Confluenc
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | pending regulatory approval |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Consumers Energy plans to sell 13 aging hydroelectric dams located on the Au Sable, Grand, Kalamazoo, Manistee, and Muskegon rivers in Michigan's western and northern Lower Peninsula to Hull Street Energy LLC subsidiary Confluence Hydro for $1 each. The sale is pending state and federal regulatory approvals. The deal includes a 30-year agreement for Consumers to buy back electricity from Confluence at roughly double the typical rate as an incentive to maintain the dams. The sale aims to preserve the value of lakefront properties and local outdoor recreation industries, amid concerns about potential dam removal if the sale is rejected. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
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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 |
More Details
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Article Published Date | Obfuscated Data |