September 28, 2024
Company Briefs
FE to Sell 11 Hydro Plants to LS Power
Company briefs on some of the companies doing business in PJM: FirstEnergy, NRG, Duke Energy, and Pepco.

Seneca Pump hydro plant in Warren, PA (Source: FirstEnergy)
Seneca Pump hydro plant in Warren, PA (Source: FirstEnergy)

FirstEnergy Corp. asked the Federal Energy Regulatory Commission for approval to sell 11 hydroelectric power stations in Pennsylvania, Virginia and West Virginia to Harbor Hydro Holdings, LLC, a subsidiary of LS Power Equity Partners II, LP.

The hydro projects, totaling 527 MW, represent less than 3% of FirstEnergy’s total generation. They are:

  • Seneca Pumped Storage (451 MW) in Warren, Pa.;
  • Allegheny Lock & Dam 5 (6 MW) in Schenley, Pa., and Allegheny Lock & Dam 6 (7 MW) in Ford City, Pa.;
  • Lake Lynn (52 MW) in Lake Lynn, Pa.;
  • Millville (3 MW) in Millville, W. Va.;
  • Dam 4 (2 MW) in Shepherdstown, W. Va., and Dam 5 (1.2 MW) in Falling Waters, W.Va.;
  • Warren (750 kW) in Front Royal, Va.;
  • Luray (1.6 MW) in Luray, Va.; and
  • Shenandoah and Newport (860 kW and 1.4 MW, respectively) in Shenandoah, Va.

The company announced in February plans to sell up to 1,180 MW of hydroelectric generation acquired in the company’s merger with Allegheny Energy. But a FirstEnergy spokeswoman told RTO Insider the company is not “actively seeking” buyers for its remaining hydro assets: Allegheny Generating Co.’s 1,200 MW of the 3,000 MW Bath County Pumped-Storage Hydro facility in Warm Springs, Va., and Jersey Central Power & Light’s 200 MW of the 400 MW Yards Creek Pumped-Storage Hydro facility in Blairstown, N.J.

More: FirstEnergy

NRG to Market Fuel Cells

1.2 MW Fuel Cell at Food Processing Plant (Source: FuelCell Energy, Inc.)
1.2 MW Fuel Cell at Food Processing Plant(Source: FuelCell Energy, Inc.)

FuelCell Energy, Inc. announced a co-marketing agreement with NRG Energy for the company’s distributed generation power plants.

NRG will market the power plants to its customer base, offering a financing option in which NRG will purchase and own the power plant and sell power and heat to the end-user. The agreement also allows NRG to purchase power plants for its own portfolio. FuelCell Energy will operate and maintain the power plants owned or sold by NRG.

FuelCell Energy saw its stock jump 15 percent on the announcement Sept. 5. The company’s power plants are installed at more than 50 locations in the U.S., South Korea, Germany and the United Kingdom.

More: FuelCell Energy, Inc.

NRG Launches Retail Business in Philly

NRG Energy announced its entry into the retail electric business with a new company that will compete for residential customers in the Philadelphia region. NRG Residential Solutions will offer a choice of plans “emphasizing choice, control, rewards or innovation.” The company said it plans to expand throughout Pennsylvania, New Jersey, Maryland and the District of Columbia.

More: NRG Energy

Donna M. Cooper (Source: Pepco)
Donna M. Cooper (Source: Pepco)

Pepco Promotes Donna M. Cooper Region President

Pepco promoted Donna M. Cooper to president of its Pepco Region.

Cooper replaces Thom­as H. Graham, who was promoted Aug. 1 to vice president, people strategy and human resources for Pepco’s parent company, PHI.

More: Pepco

 

FirstEnergy Names VP at Perry Plant

FirstEnergy-logo1FirstEnergy Nuclear Operating Company, a subsidiary of FirstEnergy Corp., named Ernest J. Harkness site vice president at the Perry Nuclear Power Plant in Perry, Ohio. Harkness was previously site vice president at Exelon Corp.’s Oyster Creek Generating Station in Forked River, New Jersey. He replaces Vito Kaminskas, who is retiring.

More: FirstEnergy

Duke Names Controller, Investor Relations VP

Duke-Energy-LogoDuke Energy named Brian Savoy vice president, controller and chief accounting officer.  He replaces Steve K. Young, who became executive vice president and chief financial officer on Aug. 6. Savoy, 38, has served as director of financial forecasting since 2012 and is a former vice president and controller of the company’s commercial power segment.

The company also named Bill Currens vice president, investor relations. Currens replaces Bob Drennan, 65, who will retire Dec. 31.

More: Duke Energy

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