1,100 MW Michigan natural gas plant sold
SOUTH HAVEN, MICHIGAN - Michigan's New Covert Generating Company, LLC is agreeing to sell its 1,100-MW, natural gas-fueled combined-cycle generating plant to an independent power producer.
Mach Gen, LLC will acquire New Covert Generating Company, LLC, the owner of the Covert Generating Plant located near South Haven, Mich.
The Covert facility is a natural gas-fueled plant that sells power into the Midwest Independent System Operator market. The plant went into operation in 2004.
The acquisition is subject to approval by various federal, state and permitting agencies, and is expected to close by the end of this year.
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“We look forward to welcoming Minister Morneau and his team to advance discussions on rate mitigation,” read a statement from the premier’s office Tuesday, in response to questions about that coming meeting and federal-provincial work on rate mitigation.
At the announcement, Ball specifically said the plan is to “finalize federal involvement for making sure electricity rates remain affordable,” with Ball and…
