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.
Related News
DOE Announces $34 Million to Improve America?s Power Grid
WASHINGTON - The U.S. Department of Energy (DOE) has earmarked $34 million for 12 innovative projects across 11 states to bolster and modernize the nation’s power grid.
Under the Grid Overhaul with Proactive, High-speed Undergrounding for Reliability, Resilience, and Security (GOPHURRS) program, this funding is focused on developing efficient and secure undergrounding technologies. The initiative is aligned with President Biden’s vision to strengthen America's energy infrastructure, thereby creating jobs, enhancing energy and national security, and advancing towards a 100% clean electricity grid by 2035.
U.S. Secretary of Energy Jennifer M. Granholm emphasized the criticality of modernizing the power grid to facilitate a future…
