Canadian company says it plans to buy hydroelectric plants
Aug. 24, 2018
JAY, Maine (AP) — A Canadian power company says it expects to purchase dozens of hydroelectric plants across the U.S. by the end of the year — including four in Maine.
The plants are located in Jay, Livermore and Livermore Falls and are currently operated by Eagle Creek Renewable Energy LLC. The Sun Journal reports Ontario Power Generation announced on Aug. 9 it had entered into a purchase and sale agreement with Hudson Clean Energy partners and others to acquire 100 percent of the equity of Eagle Creek.
New Jersey-based Eagle Creek owns 63 hydroelectric facilities in the U.S. and has 216 megawatts of in-service capacity.
Ontario Power says it plans to retain Eagle Creek's management team and operational employees.