Marquette, MI – (Great Lakes Radio News) – Governor Rick Snyder has announced a plan for WE Energies to sell the Presque Isle Power Plant and utility business to the Upper Peninsula Power Company.
In return, Snyder and Attorney General Bill Schuette will not block a major acquisition by Wisconsin Energy.
It’s part of several agreements seeking to eliminate a big rate payment for U.P. utility customers.
Governor Snyder called in to the SUNNY Morning Show with Walt & Mike this morning for an exclusive interview to discuss major points of the plan.
Snyder outlined the key agreements and also chatted about the anticipated time frame for the agreements to be finalized.