- Associated Press - Sunday, March 2, 2014

WARREN, Pa. (AP) - FirstEnergy Corp. has sold the Kinzua Dam system in northwestern Pennsylvania along with 10 other hydroelectric power stations to a subsidiary of a New York-based power company.

Akron, Ohio-based FirstEnergy sold the plants for $395 million to Harbor Hydro Holdings, LLC. Harbor Hydro is a subsidiary of LS Power Equity Partners II of New York City.

The companies said in a joint release that employees of the Kinzua system will be retained by the new owner.

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