Brookfield To Acquire WV Hydroelectric Plants

Agreement reached between Brookfield and Alloy Power for two generating plants, power sale.

Brookfield Power announced Monday that it has agreements with Alloy Power LLC and West Virginia LLC (WVA) to acquire Alloy’s two hydroelectric generating plants in West Virginia and to sell power to WVA for its integrated ferroalloy smelter under a 15 year contract. Brookfield will manage power consumption at WVA’s smelter as well.

The hydro facilities make up the Hawks Nest and Glen Ferris generating stations that have a combined capacity of 107 megawatts and produce an average of 526 gigawatt hours of electricity annually.

The transaction is expected to close by the end of 2006.

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