Business
Consumers Energy Reaches Agreement to Sell 13 Michigan Hydroelectric Dams
Consumers Energy today announced it has signed a purchase agreement to sell its 13 hydroelectric dams along five Michigan rivers to Confluence Hydro, an affiliate of Hull Street Energy, LLC. The decision will reduce long-term costs for Consumers Energy customers, ensure the dams will continue to operate safely and provide economic and recreational benefits for nearby communities.
About this update from Cms Energy Corporation
[{"type":"text","content":"Buyer Commits to Keeping Dams in Operation, Preserving Reservoirs and Benefitting Local Communities","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"JACKSON, Mich., Sept. 9, 2025 /PRNewswire/ -- Consumers Energy today announced it has signed a purchase agreement to sell its 13 hydroelectric dams along five Michigan rivers to Confluence Hydro, an affiliate of Hull Street Energy, LLC. The decision will reduce long-term costs for Consumers Energy customers, ensure the dams will continue to operate safely and provide economic and recreational benefits for nearby communities.","length":428,"tagName":"p"},{"type":"image","alt":"Consumers Energy Logo (PRNewsFoto/Consumers Energy) (PRNewsfoto/Consumers Energy)","displaySize":"","headline":null,"caption":"Consumers Energy Logo (PRNewsFoto/Consumers Energy) (PRNewsfoto/Consumers Energy)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":148,"url":"https://media.zenfs.com/en/prnewswire.com/90369efc5ff5a81ea9d967391ca3b35a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_mbwgEgJkawPpFSViSbSNw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI2MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/90369efc5ff5a81ea9d967391ca3b35a","width":400,"height":148}},"href":"https://mma.prnewswire.com/media/461461/consumers_energy_logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We believe a sale of the dams is the best path forward for our customers. This sale balances two important needs, to lower costs for Consumers Energy's customers while continuing to care for communities that depend on the dams," said Sri Maddipati, Consumers Energy's president of electric supply. "After numerous conversations with community members over the last three years to gather insights and feedback, we are confident this sale will preserve the reservoirs that hold the key to economic, recreational and community benefits at each of the dams."","length":583,"tagName":"p"},{"type":"text","content":"Consumers Energy has agreed to sell the facilities to Confluence Hydro, a wholly owned subsidiary of Hull Street Energy. Hull Street Energy is an investment firm that has significant experience owning, operating and investing capital in power generation assets across North America, including 47 hydroelectric facilities.","len...