Talen Energy completes power plant sales, Holtwood and Lake Wallenpaupack (http://www.mcall.com)
Technology – Hydro
Talen Energy of Allentown has completed a series of power plant divestitures required by federal regulators last year when the company was launched.
The independent power producer announced Friday that, as anticipated, it had completed the sale of its Holtwood and Lake Wallenpaupack hydroelectric plants to a subsidiary of Brookfield Renewable Energy Partners L.P. for $860 million.
The two Pennsylvania hydroelectric plants – Holtwood in Lancaster County and Lake Wallenpaupack in the Pocono Mountain region – have a combined generating capacity of 292 megawatts.
The Federal Energy Regulatory Commission required the divestitures when PPL Corp. spun off its PPL Supply power plant and energy marketing division, combining it with certain power plants owned by Riverstone Partners, to form Talen Energy.
My Two Cents:
Should be a good move for Brookfield Renewable Energy Partners L.P.