The 13 hydroelectric dams, which have been generating power for roughly 100 years, are being sold to Confluence Hydro, an affiliate of Maryland-based Hull Street Energy for $13, with a 30-year agreement to purchase energy generated by the dams. Consumer’s President of Electric Supply Sri Maddipati explains the reasons behind the sale.
“One, they do cost significantly more to operate than other energy sources, and two, their federal licenses start expiring in less than a decade.”
If approved by the Michigan Public Service Commission and the Federal Energy Regulatory Commission, Consumers will transfer the licenses of the dams to Confluence, the final sale date late 2026 or early 2027. Confluence Hydro’s CEO Ed Quinn explains why it wants to buy the dams.
“We believe that if legacy dams can be modernized effectively, hydro power can and should continue to play a leading role in our nation’s energy future.”
Three dams – Rogers, Hardy and Croton along the Muskegon River – are included in the sale, along with Calkins Bridge along the Kalamazoo River in Allegan County.
Consumers says all 55 dam employees will be offered positions with Confluence once the sale is final. Consumers will also continue gathering community feedback.
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