U.S. regulators OK FirstEnergy sale of hydro plants to LS Power

Reuters

Nov 4 (Reuters) - U.S. federal energy regulators haveapproved U.S. power company FirstEnergy Corp's sale ofhydropower facilities in Pennsylvania, Virginia and WestVirginia to a unit of privately held LS Power.

Together, the hydro projects can generate about 526megawatts, the U.S. Federal Energy Regulatory Commission (FERC)said in an order on Friday.

The biggest plant is the 451-MW Seneca pumped storageproject in northwestern Pennsylvania.

One megawatt can power about 1,000 homes.

FirstEnergy said it agreed to sell the plants to LS Power inAugust as part of its plan to sell non-core unregulated plants.

FirstEnergy filed with federal regulators to sell the plantsin September and has said it hopes to close the deal by the endof the year.

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