Xcel Energy, SEMCO ENERGY Gas Company and Upper Peninsula Power Company announce sale of Xcel Energy’s Michigan operations
Business Wire•06/10/2026•09:20 ET
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Key Highlights
- ➤Xcel Energy to sell Michigan natural gas operations to SEMCO, pending regulatory approval
- ➤Xcel Energy to sell Michigan electric operations to UPPCO, pending regulatory approval
- ➤SEMCO to serve 6,000 natural gas customers in Gogebic and Ontonagon counties
- ➤UPPCO to serve 9,000 electric customers in Gogebic and Ontonagon counties
- ➤Transaction expected to close in 2027 after state and federal approvals
Expert Statements
Karl Hoesly, President of Xcel Energy–Wisconsin and Michigan
“We are committed to ensuring a smooth transition for our customers and employees”
Karl Hoesly, President of Xcel Energy–Wisconsin and Michigan
“Xcel Energy continues to invest heavily in Wisconsin and across its other territories, so this transaction will ensure the customers of the Upper Peninsula will also benefit from focused investments by SEMCO and UPPCO, as both bring deep regional experience providing safe and reliable service and are well equipped to meet customers’ long-term energy needs.”
Marc Simone, President of SEMCO ENERGY Gas Company
“This transaction represents a meaningful opportunity to strengthen energy service for communities across the Upper Peninsula”
Marc Simone, President of SEMCO ENERGY Gas Company
“By welcoming new natural gas customers into the SEMCO system, we are reinforcing our commitment to safe, reliable and affordable service, while continuing to invest in the long-term resilience of Michigan’s energy infrastructure.”
Gradon Haehnel, President and CEO of Upper Peninsula Power Company
“As a neighboring utility with deep roots in the Upper Peninsula, UPPCO is proud to expand our service to Xcel Energy’s electric customers in Gogebic and Ontonagon counties”
Gradon Haehnel, President and CEO of Upper Peninsula Power Company
“We understand this region, and we are committed to delivering safe, dependable service backed by local experience.”
Xcel Energy, SEMCO ENERGY Gas Company and Upper Peninsula Power Company announce sale of Xcel Energy’s Michigan operations
Xcel Energy (NASDAQ: XEL), SEMCO ENERGY Gas Company (SEMCO) and Upper Peninsula Power Company (UPPCO) today announced the sale of Xcel Energy’s Michigan natural gas operations to SEMCO and electric operations to UPPCO.
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