JACKSON, MI – Consumers Energy is officially in negotiations to sell a fleet of costly hydroelectric dams it says are too expensive to operate.
According to a request to raise electric rates filed with Michigan regulators this week, the utility company has entered negotiations for a potential sale of its river hydro generation fleet, which includes 13 dams and associated facilities.
On Wednesday, June 4, officials confirmed that sale negotiations were underway but declined to say whether the utility is negotiating with a single buyer or multiple parties.
“We believe a sale of the dams is the best path forward for our customers,” said Brian Wheeler, Consumers spokesperson. “Negotiations are in progress, although we need to be clear we have not reached a final decision.”
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In its request for bids, Consumers indicated a “strong preference” for a…
