Power Group Online Article |  | |
13 April 2007 -- CMS Energy and CMS Electric and Gas have entered into an agreement to sell CMS Energy Brasil S.A., the holding company for a group of Brazilian electric distribution companies, and related assets for $211.1 million. The sale is subject to approval by the Brazilian national regulatory agency, Agencia Nacional de Energia Eletrica (ANEEL) and is expected to close by the end of the second quarter. Proceeds from the sale will be used to reduce debt at CMS Energy and invest in CMS Energy's Michigan utility, Consumers Energy.
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