FirstEnergy Generation

FirstEnergy Completes Sale of Eleven Hydroelectric Power Stations to Harbor Hydro Holdings

Submitted by aburr on Tue, 2014-02-18 13:01

FirstEnergy completed the sale of 11 hydroelectric power stations to Harbor Hydro Holdings, a subsidiary of LS Power Equity Partners, for approximately $395 million. 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 Supply and Green Valley Hydro and have a total capacity of 527 MW.

Vendor Neutral

(December 2011) Lafayette Utilities System selects Elster’s EnergyAxis as its AMI system; ABB wins contract from Hydro-Quebec; Sapphire Power Holdings acquires gas-fired power generation from Morris Energy Group; Consumers Energy awards contract to Babcock & Wilcox; plus announcements and contracts involving BP Wind Energy, Abengoa Solar, Samsung C&T and others.

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People (October 2011)

Tennessee Valley Authority implements new leadership group; Foley & Lardner hires two partners; New York Independent System Operator names new consumer interest liaison; Alterra appoints new CEO; plus senior staff changes at Xcel Energy, Galvin Electricity Initiative, Arch Coal, and others.
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People (March 2011)

First Energy subsidiaries get new executives; Constellation names new treasurer, finance v.p., and CIO; Puget Energy gets new general counsel; plus senior staff changes at Dominion, Georgia Power, Parsons, California Energy Commission, Washington Utilities and Transportation Commission, and others.
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Repowering with Biomass

Waste fuels struggle despite coal’s decline.

Fuel supply might be the biggest barrier to scaling-up biomass power generation, but it’s by no means the only problem. Utility projects to repower coal-fired plants face permitting challenges, ballooning technology costs and strained economics. Some owners are giving up the fight.

Byline: 

William Atkinson

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Vendor Neutral

ABB buys Ventyx; Powerspan and WorleyParsons CO2 capture test results; Honeywell lands Progress Energy contract; Opower releases customer engagement platform; HECO picks Siemens for smart-grid stimulus project; and MORE.

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People

Southern Company named Ronnie Labrato vice president, internal auditing. FirstEnergy’s board of directors elected Gary R. Leidich executive vice president and president of FirstEnergy Generation, and Richard R. Grigg executive vice president and president of FirstEnergy Utilities. Exelon named Ian P. McLean to lead its finance and markets organization. And others...

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