Xcel Energy Sells Michigan Electric, Gas Operations
Xcel Energy is divesting its natural gas and electric operations in Michigan, selling the gas assets to Semco Energy Gas Co. and the electric operations to Upper Peninsula Power Co.
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Xcel Energy to sell Michigan gas, electric operations to SEMCO, UPPCO
Xcel Energy has agreed to sell its Michigan natural gas operations to SEMCO ENERGY Gas Company and its electric operations to Upper Peninsula Power Company. The transaction is expected to close in 2027.
Xcel Energy to Sell Michigan Gas and Electric Operations
Xcel Energy has agreed to sell its Michigan natural gas operations to SEMCO ENERGY Gas Company and its electric operations to Upper Peninsula Power Company. The move aligns with utilities focusing on core service territories and long-term infrastructure.
Xcel Energy sells Michigan gas operations to SEMCO, electric business to UPPCO
Xcel Energy has agreed to sell its Michigan natural gas operations to SEMCO ENERGY Gas and its electric operations to Upper Peninsula Power. The deal is expected to close in 2027, subject to regulatory approvals.
Xcel Energy to sell Michigan gas and electric operations to SEMCO and UPPCO
Xcel Energy announced the sale of its Michigan natural gas operations to SEMCO ENERGY Gas Company and its electric operations to Upper Peninsula Power Company. The transaction, which is subject to regulatory approval, is expected to close in 2027.
Xcel Energy to Sell Michigan Gas and Electric Operations
Xcel Energy has agreed to sell its Michigan natural gas operations to SEMCO and its electric operations to UPPCO. The transactions are pending state and federal regulatory approvals, with a projected closing in 2027. Approximately 6,000 gas and 9,000 electric customers are expected to transfer to the new operators.
Xcel Energy Sells Michigan Operations to SEMCO, UPPCO
Xcel Energy has sold its Michigan natural gas operations to SEMCO ENERGY Gas Company and its electric operations to Upper Peninsula Power Company.