Could Century-Old Dams Leave Michigan Taxpayers Holding the Bag? Regulators Weigh Consumers Energy Sale

Could Century-Old Dams Leave Michigan Taxpayers Holding the Bag? Regulators Weigh Consumers Energy Sale

LANSING — Michigan regulators are reviewing a proposed deal that would transfer 13 aging hydroelectric dams from Consumers Energy to a private equity-backed buyer, a transaction critics warn could expose taxpayers and ratepayers to long-term financial and environmental risk if the infrastructure fails. Consumers Energy has asked the Michigan Public Service Commission (MPSC) to approve the sale of its river dams to a subsidiary of Maryland-based …