WASHINGTON, D.C. – Troutman Pepper Locke represented Consumers Energy, Michigan’s largest energy provider, in its sale of 13 hydroelectric dams along five Michigan rivers to Confluence Hydro, an affiliate of Hull Street Energy, LLC, an investment firm that has significant experience owning, operating, and investing capital in power generation assets. The sale balances two important needs: to lower costs for Consumers Energy’s customers, while continuing to care for communities that depend on the dams. For more information, see the press release.
The purchase agreement represents a milestone in a process that Consumers Energy started three years ago to explore the best options for the 13 hydroelectric dams. The sale will preserve the reservoirs that hold the key to economic, recreational, and community benefits at each of the dams.
The Troutman Pepper Locke team that advised Consumers Energy was led by Todd Coles, Donna Byrne, Emily Thomason, Jeffrey Joseph, Dustin Till, Charles Sensiba, Sahara Shrestha, Kyle Kohler, Patrick Wilson, Alex Spratley, Andrea Brogdon, Ed Razim, Seth Ford, Alexander Kaplen, Jeff Strenkowski, James Hipolit, Barbara Sicalides, Roger Reigner, Todd Fracassi, Suyash Raiborde, Miles Kiger, and Evelyn Lea.
Troutman Pepper Locke’s market-leading energy practices help clients with their most important and complex matters throughout the U.S. and beyond. From electric power, oil and gas, or emerging technologies, the cross-discipline team is equipped to handle any related matters, drawing on the depth of the firm’s knowledge in the market. Troutman Pepper Locke regularly advises electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations. Learn more at energylawinsights.com.
Troutman Pepper Locke’s market-leading energy practices help clients with their most important and complex matters throughout the U.S. and beyond. From electric power, oil and gas, or emerging technologies, the cross-discipline team is equipped to handle any related matters, drawing on the depth of the firm’s knowledge in the market. Troutman Pepper Locke regularly advises electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations. Learn more at energylawinsights.com.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.