DTE Energy (NYSE: DTE) is selling Marysville Power Plant to Commercial Development Company (CDC).
The plant, which began operating in 1922, was purchased by CDC, a St. Louis-based firm specializing in industrial brownfield work. The company will prepare the site for future development.
Marysville Power Plant operated until 2001, generating about 167 MW. The plant was later decommissioned in 2011.
Demolition on the 20-acre site will take place in phases and must be completed within two years.
Financial terms of the deal were not disclosed.
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