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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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Todays News

FirstEnergy to Sell a Total of 1,572 MW of Competitive Natural Gas and Hydro Assets (1/20/2017)

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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headlines of the week

Southern Power Announces Joint Development Agreement with RES to Install 3,000 MW of Wind Capacity (1/11/2017)
Governor of New York Calls for 2.4 GW of Offshore Wind Capacity by 2030 (1/12/2017)
NRC Accepts TVA?s Early Site Permit Application At Clinch River Site for Small Modular Reactor (1/13/2017)
FirstEnergy to Sell a Total of 1,572 MW of Competitive Natural Gas and Hydro Assets (1/20/2017)

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