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HYDROELECTRIC PLANTS SALE
FirstEnergy subsidiaries selling 11 hydroelectric plants in Virginia, West Virginia
Reported by: Associated Press
Saturday, November 2, 2013 7:27 AM EST
Eleven hydroelectric power plants in West Virginia and Virginia are going up for sale.
A spokeswoman for FirstEnergy tells The Journal the planned sale is "purely a business decision." Spokeswoman Stephanie Walton says the plants represent 3 percent of FirstEnergy's output.
The 11 plants generate a total of 527 megawatts.
The hydro plants include Allegheny Energy's Dam No. 4 on the Potomac River near Scrabble. It is the last commercial power plant in the nation that uses rope-driven turbines.
The sale price for the hydro plants was not disclosed.
Information from: The Journal, http://journal-news.net/