Consumers Energy Sells Dams for $1

Consumers Energy is eyeing a controversial $1 deal to sell 13 aging hydroelectric dams in Michigan to private equity firm Hull Street Energy — a move critics say shifts maintenance costs onto ratepayers while locking in a sweetheart power purchase agreement. Opponents fear the buyer’s history of asset flipping and complex corporate shields could leave taxpayers holding the bag if things go wrong, while supporters argue decommissioning would devastate local economies and recreation. The Michigan Public Service Commission is weighing the deal, with a final decision expected later this year — and the public’s interest, rates, and reliability hang in the balance. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/68ea3e075d6919ba