Article: PPL Corp. announces sale of 6 dams

AUGUSTA - PPL Corp. announced Monday that it has completed an $81 million deal to sell six Maine dams to another firm.

Under the terms of the deal first announced in July, PPL will sell its stake in the dams the company now operates at Milford, Orono, Stillwater, Ellsworth, Medway and West Enfield.

The company purchasing the dams, Black Bear Hydro Partners LLC, is a subsidiary of Boston-based ArcLight Capital Partners, which has a stake in energy generation, transmission and infrastructure throughout the United States and Europe.

Black Bear Hydro Partners already owns a 50 percent stake in the West Enfield facility. Collectively, the six dams produce 36 megawatts of hydropower.

Officials ...

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