Business report

Massachusetts Company Buys Pennsylvania Hydroelectric Plants

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FirstLight Power, a clean energy generation, development and storage company in Massachusetts, recently purchased two hydroelectric facilities on the Allegheny River from H2O Power, an Ontario-based hydroelectric facility owner and operator.

The two hydroelectric stations, Allegheny 8 and Allegheny 9, have federal lock and dam facilities operated by the U.S. Army Corps of Engineers and are located nine miles apart in western Pennsylvania. .

The plants generate 31.5 megawatts of base load capacity and supply hydroelectricity to the New York market along a 40-mile transmission corridor under a power purchase agreement at long term with New York State Electric and Gas Co.

The purchase includes the transmission corridor and will allow FirstLight to expand into new electricity markets.

“With several strategic partnerships and acquisitions, 2022 has been an exciting year of growth for FirstLight, and we are pleased to now be able to directly deliver clean energy to everyday New Yorkers through our acquisition of the Allegheny Hydroelectric Facilities” , FirstLight President and CEO Alicia Barton said. “We are also delighted to welcome Allegheny Hydro employees to our talented FirstLight team who collectively have extensive experience operating renewable and storage assets – both of which will be essential as we continue to expand. in new markets across North America.