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FirstEnergy to Sell a Total of 1,572 MW of Competitive Natural Gas and Hydro Assets

LCG, January 20, 2017--FirstEnergy Corp. yesterday announced it has entered into an agreement to sell four competitive natural gas generating plants in Pennsylvania and its competitive portion of a Virginia hydroelectric power station to a subsidiary of LS Power Equity Partners III, LP, of New York for approximately $925 million in an all cash transaction. The combined capacity of the electric generating facilities sold totals 1,572 MW, including 713 MW of pumped-storage hydro capacity in the Bath County Pumped Storage Project.

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NRC Accepts TVA?s Early Site Permit Application At Clinch River Site for Small Modular Reactor

LCG, January 13, 2017--The Nuclear Regulatory Commission (NRC) yesterday announce that it has accepted for review the Early Site Permit (ESP) application for the Clinch River site near Oak Ridge, Tennessee. The Tennessee Valley Authority (TVA) submitted the application and associated information in May 2016.

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Industry News

Blugegrass State's Bluegrass Plant Starts Up

LCG, June 13, 2002--A new 500-megawatt, natural gas-fired power plant, intended to operate during peak-demand months June through September, began operating in Kentucky's Oldham County this week.

The plant is run by Bluegrass Generation Co. LLC, a subsidiary of Dynegy, and will sell its output on the open market, mostly in the Midwest. The simple-cycle peaking plant's three turbines are connected to the Louisville Gas & Electric Co. transmission system.

Some opposition to the plant persists, even following emissions testing and the lifting in May of a state moratorium on new merchant permit applications. An organization called Community Against Power Plants is bringing legal challenges concerning alleged health and environmental effects. An administrative hearing is planned for the second week of September.

Dynegy owns another plant in Kentucky's Lawrence county; that facility began producing power in June 2001.
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