Osaka Gas USA has agreed to acquire Michigan Power, a natural gas-fired power plant in Ludington, Michigan from Wolverine Power Holdings, LLC owned by Rockland Capital etc. Upon receiving required governmental permits and transaction closing, Osaka Gas USA will be operating the power business with the plant as 100% share owner.
Michigan Power is an approximately 125 MW gas-fired cogeneration facility that has been in operation since October 1995. The facility provides electricity to Consumers Energy Co. under a power purchase agreement and also sells steam to a neighboring calcium chloride manufacturing plant on a long-term contractual basis.
See also media release by Osaka Gas Co., Ltd. (parent company of Osaka Gas USA)