Oil, Gas and Shale
Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




FirstEnergy to Sell Portion of Former Hatfield’s Ferry Power Station to APV Renaissance

Published: May 17, 2017 |

[Click image to enlarge]

FirstEnergy’s Allegheny Energy Supply Company subsidiary has entered into an agreement for sale of a portion of the real property and certain assets at the former Hatfield’s Ferry Power Station in Masontown, Pennsylvania to APV Renaissance Partners Opco, LLC, of Bernardsville, New Jersey.

APV has commenced engineering and permitting activities related to the proposed construction of a new, 1,000-megawatt combined cycle natural gas facility on 33 acres at the former plant site.  If the project proceeds, APV would acquire the project site, including the plant’s two cooling towers, for approximately $40 million.  Allegheny Energy Supply will continue to own the remaining Hatfield plant facilities, including approximately 200 acres of land and the other former plant structures.  The sale is expected to close in third quarter 2018, subject to various closing conditions.

“FirstEnergy supports new development opportunities at our former plant sites. The project at Hatfield has the potential to bring jobs and economic growth to Greene County by capitalizing on a strategic location and existing infrastructure,” said James Lash, executive vice president and president of FirstEnergy Generation.

“APV is excited to undertake a project to support the reliability of the region’s electricity supply, redevelop an existing industrial site and contribute to economic growth in southwestern Pennsylvania. The existing infrastructure available at Hatfield’s Ferry and abundant fuel supply in the region make this an ideal location for the construction of a natural gas power plant,” said John Seker, president of APV.


About FirstEnergy
FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company’s transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, while its generation subsidiaries control nearly 17,000 megawatts of capacity from a diversified mix of scrubbed coal, non-emitting nuclear, natural gas, hydro and other renewables.

To stop by FirstEnergy’s website, CLICK HERE


Be in-the-know when you’re on-the-go!

FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.


Copyright © 2017 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

For licensing permission, .(JavaScript must be enabled to view this email address)

Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Advertisement