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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 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 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 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 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 has sold its Michigan natural gas operations to SEMCO ENERGY Gas Company and its electric operations to Upper Peninsula Power Company.