VOLT Acquires Shares of Wolverine Power

August 05, 2003 by Jeff Shepard

VOLT Inc. (Pleasanton, CA) announced that it has purchased all the outstanding shares of Wolverine Power Corp. for cash and preferred stock. The major assets included in the Michigan utility are the hydro-electric turbines that generate over 10MW of power, the Federal Energy Regulatory Commission License and the power purchase agreement with Consumers Energy that runs through the year 2022.