FirstEnergy Corp. announced today that its Allegheny Energy Supply Company, LLC subsidiary has entered into an agreement for sale of a portion of the real property and certain assets at the former Hatfield's Ferry Power Station in Masontown, Pa. to APV Renaissance Partners Opco, LLC, of Bernardsville, New Jersey.

APV has commenced engineering and permitting activities related to the proposed construction of a new, 1,000-megawatt combined cycle natural gas facility on 33 acres at the former plant site. If the project proceeds, APV would acquire the project site, including the plant's two cooling towers, for approximately $40 million. Allegheny Energy Supply will continue to own the remaining Hatfield plant facilities, including approximately 200 acres of land and the other former plant structures. The sale is expected to close in third quarter 2018, subject to various closing conditions.

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