1,100 MW Michigan natural gas plant sold
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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Britons could save on soaring bills as ministers plan to end link between gas and electricity prices
LONDON - Britons could be handed relief on rocketing household bills under Government plans to sever the link between the prices of gas and electricity, it has emerged.
Ministers are set to bring forward new laws under the Energy Security Bill to overhaul the UK's energy market in the face of the current cost-of-living crisis.
They have promised to provide greater protection for Britons against global fluctuations in energy prices.
The current worldwide crisis has been exacerbated by the Ukraine war, which has sent gas prices spiralling higher.
Under the current make-up of Britain's energy market, soaring gas prices have had a knock-on effect…
