Kinzua Dam Power Plant Sold

Published 03/03 2014 12:29PM

Updated 03/03 2014 07:40PM

The power generating station at Kinzua Dam in Warren County has changed hands.

First Energy Corporation sold the power plant to Harbor Hydro Holdings, a company owned by a private equity firm.

Harbor Hydro bought the Warren County facility from First Energy along with ten other generation stations in Pennsylvania, Virginia and West Virginia .

According to documents from the Federal Energy Regulating Commission 395 million dollars changed hands in the transaction.

In a joint release, both companies say the First Energy employees will be retained by the new company.

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