Friday, May 25, 2007

CMS to Purchase Michigan Power Plant From LS Power Group for $517 Million

(Bloomberg) -- CMS Energy Corp. said its flagship
Michigan utility agreed to buy a power plant in the state from LS
Power Group for $517 million to meet rising demand without
purchasing electricity on the wholesale market.

Consumers Energy's purchase of the 946-megwatt plant in
Zeeland is expected to close next year subject to approval by the
Michigan Public Service Commission, Jackson, Michigan-based CMS
said today in a statement.


Read more at Bloomberg Energy News

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