LANSING, Mich. (WLNS) — Consumers Energy has reached an agreement to sell 13 of its hydroelectric dams in Michigan to Confluence Hydro, an affiliate of Hull Street Energy, LLC. • Cook Dam (Consumers Energy) • Tippy Dam (Consumers Energy) • Mio Dam (Consumers Energy)
Hull Street Energy is an investment firm that owns and operates power generation facilities across North America, including 47 hydroelectric facilities.
Consumers Energy reports that this decision will reduce long-term costs and ensure that the dams will "continue to operate safely and provide economic and recreational benefits for nearby communities."
The sale will still need to be approved by state and federal regulators. Consumers Energy says this process could take approximately 12 to 18 months.
As part of the pen