Dive Summary:

• First Energy Corp. is seeking permission from the Federal Energy Regulatory Commission (FERC) to sell 11 hydroelectric power generation stations in Pennsylvania, West Virginia and Virginia.
• Jennifer Young, a First Energy spokeswoman, said, "The sale of these units supports the company's financial plan to divest non-core, unregulated generation assets and use the proceeds to improve credit metrics in our competitive business. These units were chosen for sale as they are more attractive to potential buyers versus other generating assets."
• The utility's hydroelectric stations account for 2.5% of its 20,000MW generating portfolio.

From the article:

"..the facilities in the proposed sale are owned by First Energy Generation, Allegheny Energy Supply Company and Green Valley Hydro and have a combined generation capacity of 527 megawatts. The Seneca Pumped Storage at Kinzua Dam accounts for 451 megawatts of that total."