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

By: Sam Garin

Outlets: Michigan Advance

Published: September 4, 2026

Words: 598

Last Updated: 1 month, 2 weeks ago

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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 by the dams at an inflated price. Meanwhile, Consumers would walk away

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