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Consumers Energy has agreed to sell 13 hydroelectric dams in Michigan to Confluence Hydro.
The new owner has committed to keeping the dams in operation, a decision favored by local communities.
State and federal regulators must approve the sale, which could take 12 to 18 months.
Consumers Energy has found a buyer for 13 hydroelectric dams in Michigan, and that buyer has committed to keeping the dams in operation.
Confluence Hydro, an affiliate of Hull Street Energy, LLC , was announced as the prospective buyer for dams along the Muskegon River, Kalamazoo River, Grand River, Manistee River and Au Sable River on Sept. 9.
The decision will reduce long-term costs for customers of Consumers Energy, according to the provider. It will also ensure the dams continue to