Consumers Energy dam sale deadline extended to December

Summarised from 2 outlets · Updated 3 Nov, 22:20 · Archive

Consumers Energy has been granted extra time to sell 13 hydroelectric dams to Confluence Hydro.

Consumers Energy has been granted an extension by the Michigan Public Service Commission to approve the proposed sale of 13 hydroelectric dams to Confluence Hydro. The deadline for a ruling has been moved from 9 November to 17 December, allowing the utility additional time to negotiate with interested parties.

Under the proposed deal, Confluence Hydro would take ownership of the dams located on five Michigan rivers. The dams would remain in place for at least 30 years, and Consumers Energy would purchase the energy they produce. The utility estimates that maintaining the dams through this arrangement will save customers approximately $500 million compared to the cost of decommissioning the facilities.

How it is being reported

• Consumers Energy extends decision deadline again for the sale of its 13 damsConsumers Energy has again extended its decision deadline for the sale of its 13 hydroelectric dams.Woodtv · 3 Nov, 21:56
• Sale of 13 hydroelectric dams moved to December due to ongoing negotiationsConsumers Energy granted state regulators additional time today to approve the proposed sale of its 13 hydroelectric dams to Confluence Hydro.9And10News · 3 Nov, 21:18

In this story: Consumers Energy · Confluence Hydro · Michigan Public Service Commission · Michigan

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