FirstEnergy has completed the sale of 11 hydroelectric power stations to Harbor Hydro Holdings a subsidiary of LS Power Equity Partners for approximately US$395m. The two companies originally announced the sales agreement in September 2013. The hydroelectric power stations included in this sale are owned by FirstEnergy Generation, Allegheny Energy and Green Valley Hydro and have a total capacity of 527 MW, which represents less than 3% of FirstEnergy's generation fleet output.
The sale includes: 451 MW Seneca Pumped Storage (451 MW) in Warren, Pa.; Allegheny Lock & Dam 5 (6 MW) in Schenley, Pa.; Allegheny Lock & Dam 6 (7 MW) in Ford City, Pa.; Lake Lynn (52 MW) in Lake Lynn, Pa.; Millville (3 MW) in Millville, W. Va.; Dam 4 (2 MW) in Shepherdstown, W. Va.; Dam 5 (1.2 MW) in Falling Waters, W.Va.; Warren (750 kW) in Front Royal, Va.; Luray (1.6 MW) in Luray, Va.; and Shenandoah and Newport (860 kW and 1.4 MW, respectively) in Shenandoah, Va.
FirstEnergy subsidiary Allegheny Generating Company continues to own 1,200 MW of the 3,000 MW Bath County Pumped-Storage Hydro facility in Warm Springs, Va. In addition, FirstEnergy's subsidiary Jersey Central Power & Light continues to own 200 MW of the 400 MW Yards Creek Pumped-Storage Hydro facility in Blairstown, N.J.