December 28, 2012

19 hydroelectric dams sold in Maine

The dams are primarily on the Kennebec, Androscoggin and Saco rivers and have a total capacity of 351 megawatts.

The Associated Press

BANGOR — The renewable energy business of Toronto-based Brookfield Asset Management has agreed to purchase 19 hydroelectric dams in Maine as part of a $760 million deal.

The dams are primarily on the Kennebec, Androscoggin and Saco rivers and have a total capacity of 351 megawatts.

Brookfield Renewable Energy Partners is buying the hydroelectric dams, along with eight upstream storage reservoir dams, from a subsidiary of Juno Beach, Fla.-based NextEra Energy Inc.

The Bangor Daily News says the dams were part of 31 hydroelectric dams FPL Energy of Maine bought from Central Maine Power Co. in 1999 during Maine's electric deregulation, which forced CMP to sell its generating assets. Brookfield Renewable already operates several other dams in the river systems.

 

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