Consumers Energy has signed a purchase agreement with Confluence Hydro, a subsidiary of Hull Street Energy, to sell its 13 hydroelectric dams for $1 a piece.

Consumers Energy has reached an agreement to sell 13 of its hydroelectric dams in Michigan to Confluence Hydro, an affiliate of Hull Street Energy, LLC. Hull Street Energy is an investment firm that owns and operates power generation facilities across North America,

Ethiopia officially inaugurates Africa's largest hydroelectric dam on Tuesday, a project that will provide energy to millions of Ethiopians while deepening a rift with downstream Egypt that has unsettled the region.

Consumers Energy is getting out of the hydroelectric business and will sell all of its dams in Michigan the utility company announced on Tuesday.

Consumers Energy plans to sell its 13 aging and unprofitable Michigan hydropower dams to a subsidiary of a Maryland private equity firm for a dollar apiece. The deal would ensure their

Confluence Hydro will take over ownership and operation of the Loud Dam near Oscoda and the Mio Dam in Oscoda County from Consumers Energy if the deal wins regulatory approval.

Consumers Energy has announced it has signed a purchase agreement to sell its 13 hydroelectric dams, located along five Michigan rivers, to Confluence Hydro.