After years of looking for a buyer, Consumers Energy announced it struck a $13 deal to sell its fleet of 13 hydroelectric dams in Michigan to a Bethesda, Md., private equity firm.

Independent power producers warned that policymakers are risking reliability by attempting to transition too quickly from gas and coal to renewables.

The Edison Electric Institute celebrated the passage of the Tax Cuts and Jobs Act at its annual briefing to Wall Street analysts.

Maxim Power has closed a deal to sell its U.S. subsidiary and its five plants, concluding a two-year effort to stave off threats to the company’s survival.