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Firstenergy Generation Enters Into Stalking Horse Agreement To Sell Its West Lorain Facility And Related Assets To Starwood Energy
Posted on: Nov. 20, 2018, 6:01 p.m.
AKRON, Ohio, Nov. 20, 2018 /PRNewswire/ -- FirstEnergy Generation, LLC ("FG") announced today that it has agreed to sell its West Lorain Facility and related assets to Vermillion Power, LLC, an affiliate of Starwood Energy Group Global, LLC ("Starwood"), for a purchase price of $144 million in cash plus customary closing adjustments. The West Lorain Facility is a 545 MW, periodic-start, combustion-turbine generation station located on 500 acres in Lorain, Ohio near Lake Erie. Full investment news articleRelevent to this post: University of Nebraska Foundation,