Overview

• The 13-dam portfolio spans five rivers with about 132 MW of installed capacity, according to the companies.
• Closing is targeted in roughly 12 to 18 months, with Consumers Energy continuing to operate the dams until approvals are secured.
• Confluence Hydro says it will preserve reservoirs, retain hydro employees through job offers, and modernize the facilities.
• The buyer plans to seek federal license renewals beginning in 2034 to keep the century-old assets in service.
• MLive reports a sale price of $1 per dam, and Consumers Energy frames the move as lowering long-term costs for customers.