LANSING, Mich. (WILX) - Consumers Energy has announced it has signed a purchase agreement to sell its 13 hydroelectric dams, located along five Michigan rivers, to Confluence Hydro, an affiliate of Hull Street Energy, LLC.

The decision is aimed at reducing long-term costs for Consumers Energy customers while ensuring the dams continue to operate safely and provide economic and recreational benefits to surrounding communities.

Hull Street Energy is an investment firm with extensive experience in owning, operating, and investing in power generation assets across North America.

The sale is subject to approval by state and federal regulators and could be finalized within approximately 12 to 18 months.

Under the terms of the agreement, Confluence Hydro will provide power from the existing C

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