Story thread · 2 reports / 1 sources

An out-of-state private equity firm shouldn’t have ownership of 13 Michigan dams

michiganadvance.com · 10dShare

In June, a Michigan judge overseeing deliberations regarding Consumers Energy’s proposed dam sale recommended that the Michigan Public Service Commission (MPSC) reject the proposed sale of 13 dams to an out-of-state private equity firm. Consumers’ plan would sell the aging and expensive dams to private equity-backed Confluence Hydro for just $1, while requiring ratepayers to purchase the electricity generated […]

First report: Michiganders speak out on Consumers Energy’s proposed sale of 13 dams to private equity — michiganadvance.com, 13d