https://www.prnewswire.com/news-releases/opg-finalizes-acquisition-of-cube-…
OPG Finalizes Acquisition Of Cube Hydro
NEWS PROVIDED BY
Ontario Power Generation Inc. (OPG), Oct 08,2019, 11:00 ET
TORONTO, Oct. 8, 2019 /PRNewswire/ - Ontario Power Generation (OPG) has finalized the acquisition of Cube Hydro Partners and Helix Partners (collectively "Cube Hydro"), an owner and operator of small and medium-sized hydropower facilities located in the northeast and southeast United States, from I …
[View More]Squared Capital, an infrastructure-focused private equity firm. Eagle Creek and Cube Hydro will be combined to form OPG's U.S. hydro platform.
Falls Powerhouse North Carolina (CNW Group/Ontario Power Generation Inc.)
"The acquisition of Cube Hydro builds on our 2018 purchase of Eagle Creek Renewable Energy," said Ken Hartwick, OPG President and CEO. "These high quality, clean generation assets provide additional scale to OPG's existing U.S. hydro portfolio."
"The Cube Hydro portfolio represents an attractive opportunity to enhance our hydro platform adding a team and assets that are well aligned with OPG's long-term growth strategy in the United States," said Eli Smith, President and CEO of OPG's U.S. hydro platform companies. "Cube Hydro prides itself on safety, compliance, innovation and social responsibility, all of which align closely with Eagle Creek and OPG's core values."
Goldman Sachs & Co. LLC acted as a financial advisor and Dentons served as legal counsel to OPG on the acquisition. Centerview Partners acted as financial advisor and Sidley Austin LLP, Troutman Sanders LLP, and Davis Polk & Wardwell LLP served as legal counsel to I Squared Capital on this transaction.
Key Facts on OPG's U.S. hydro platform:
The Cube Hydro purchase adds 19 additional hydroelectric facilities in five states to OPG's hydro platform. This brings the total to 85 hydro generating stations in the United States, representing 619 megawatts of capacity. In addition, the companies own minority interests equivalent to approximately 10 megawatts in thirteen other hydroelectric facilities and two solar facilities in New England.
Facilities are located across the United States primarily in the Southeast, New England, Mid-Atlantic and Midwest power markets.
Offices are located in New Jersey, Maryland, North Carolina, Wisconsin and Massachusetts.
OPG's U.S. hydro platform's environmental profile is well positioned for continued de-carbonization of the electricity industry.
Enhanced returns for Ontarians, providing stable cash flows for generations to come, with no impact on electricity bills.
The U.S. hydroelectric platform will continue to operate independently as a wholly owned subsidiary of OPG, with its own Board of Directors and management team. Its financial results will be consolidated into OPG's financial results.
OPG is the largest electricity generator in the province, providing almost half the power Ontarians rely on every day. It is also one of the most diverse generators in North America with expertise in nuclear, hydro, biomass, solar and gas.
SOURCE Ontario Power Generation Inc.
Related Links
http://www.opg.com
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Due to decreasing inflows and low precipitation Cheat lake elevation is expected to continue decreasing below summer pool. Please consider removing any boats that may be affected. The boat launch at the Cheat Lake Park is now open.
***The South Trail at Cheat Lake Park is temporarily closed until further notice due to trail damage from storms***
THE LAKE WATER LEVEL IS CURRENTLY AT 867.0 FEET ABOVE SEA LEVEL.
THIS IS ONE FOOT DOWN BELOW THE LOWER SUMMER POOL HEIGHT.
DRY WEATHER IS …
[View More]EXPECTED TO CONTINUE. THE OUTFLOW FROM THE DAM
COULD BE INCREASED IF NECESSARY TO MAINTAIN A SUFFICIENT
DISSOLVED OXYGEN DOWNSTREAM.
SEE ALSO: https://cheatlake.today/
>>> Duane Nichols, nichols330(a)gmail.com
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Hello all,
Apparently the same storms that damaged the Cheat Lake Trail have caused mud, drainage issues, and problems at some of the access areas for motorized boats. Lee Smith, who is cced on this email, contacted me to find out if motorized boat owners would be able to use the boat ramp at end of Morgan Mine Road / Cheat Lake Trail Trailhead to pull their boats out at the end of the boating season.
Who should he contact to get approval to do this? Please keep me in the loop on email …
[View More]because I also would like the answer to this. I have a phone number- 724-725-6208- for the Cheat Lake Dam offices- is this the best contact for issues like this one?
I hope there has been some progress on repairs to the Cheat Lake Trail. Thanks, Ella
Ella Belling
Executive Director
Mon River Trails Conservancy
P.O. Box 282
Morgantown, WV 26507
http://montrails.org
304-692-6782
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>
> The lake level has been below the minimum summer pool of 868 since Sept 14.
>
> https://waterdata.usgs.gov/wv/nwis/uv/?site_no=03071590&PARAmeter_cd=00065,…
>
>
> Have you noticed the lake level slowly dropping. It is down about 3 inches at the present. The required minimum flow is 100cfs, which has been the case since the week of the 9th. The inflow into the lake is now less then that. So the level is bound to recede until we get some decent rain.
LAKE …
[View More]LYNN HYDRO STATEMENT: “Due to decreasing inflows and low precipitation Cheat lake elevation is expected to continue decreasing below summer pool. Please consider removing any boats that may be effected.”
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http://wvmetronews.com/2019/09/10/preston-county-officials-tracking-propane…
Preston County officials tracking propane tanks floating down Cheat River
PRESTON COUNTY, W.Va. — Preston County officials are working to retrieve at least two propane tanks in the Cheat River that went into the river following flooding earlier this summer.
Officials added there may be one more tank heading downstream.
Investigators researched the serial numbers on the tank, leading them to Harman; the town was one …
[View More]of many West Virginia towns that endured four inches of rain over a few hours in late June.
“It would have been about 65, 66 river miles from where it started to where it ended up,” said Justin Wolfe, assistant director of Preston County E-911. “One of the other tanks actually made it further; it made it to the Rockville area of Preston County.”
Law requires propane tanks to be “flood strapped” in flood zones, which dependent on the size of the tank. Most strapping is done with steel bands, concrete or concrete blocks.
“One of the tanks was venting when it went by because you could smell the propane,” Wolfe said. “Probably the valve got knocked or cracked or something to where it was venting.”
Wolfe added Tucker County officials and Preston County residents have helped track the tanks since the storm, and Preston County officials are looking for the right opportunity to remove them from the river.
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Lake Lynn Hydroelectric Project (P-2459) Notification of Closure of Section of Cheat Lake Trail
In accordance with License Article 415, Lake Lynn Generation (Lake Lynn) maintains the Cheat Lake Trail which is a 4.5-mile hiking/biking trail that extends along the eastern shore of Cheat Lake. Lake Lynn is hereby providing notification that it has temporarily closed a section of the Cheat Lake Trail due to severe damage from recent heavy rains.
In July, heavy rains resulted in downed trees, …
[View More]areas of severe erosion and slope stability issues along the trail and its immediate vicinity. Lake Lynn has conducted an initial assessment of the storm damage and completed preliminary cleanup activities. Damage and debris issues affecting the northern section of the trail were relatively limited and have been addressed. This section of the trail remains open to the public.
The southern section of trail, extending 0.5 miles south of Cheat Lake Park to the trail’s southern terminus at the Cheat Lake Wildlife Habitat and Nature Viewing Area experienced more significant damage, possibly due to recent development and land use changes in the immediate vicinity. This section of the trail has been closed to the public until further notice due to safety concerns and areas of impassibility. The closed section has been gated and locked, and signs have been posted to prevent public access. Notification of the closure has also been posted on the Cheat Lake public information website (https://cheatlake.today/).
Lake Lynn is in the process of further assessing the causes of the damage and evaluating potential repair solutions. Due to the level of damage, and the expected complexity of identifying an appropriate long-term solution to restore the trail and minimize future stormwater management issues, it is expected that the trail closure will remain in place for some time. In order to keep the Commission updated on its progress, Lake Lynn proposes to submit a status update by December 31, 2019.
Notice from Lake Lynn Generation on August 23, 2019
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Trooper 5 rescues kayakers from Cheat River
Cumberland Times-NewsJul 1, 2019
ROWLESBURG, W.Va. — The Maryland State Police Trooper 5 medevac helicopter crew based in Cumberland rescued two kayakers that were stranded in the Cheat River late Sunday morning.
It was 9:50 a.m. when the Rowelsburg Volunteer Fire Department requested the assistance of the Maryland State Police Aviation Command to perform a rescue of two people stranded on an island in the Cheat River near Seven Islands.
The two …
[View More]kayakers, — a father and son from Pittsburgh — had kayaked to the nearby island to fish, but became trapped when the water suddenly rose 3 feet over the course of 20 minutes and washed their kayaks downstream.
A local swift water rescue team was unable to reach the victims due to speed of the water and large amount of heavy debris, officials said.
The crew of Trooper 5, consisting of two pilots and two troopers, utilized the rescue basket to hoist the victims to the aircraft. The helicopter landed near the river where the victims were assessed, found not to be injured, and transferred to the care of first responders.
The Maryland State Police Aviation Command has served Maryland citizens since 1970, and operates a fleet of 10 helicopters from seven bases throughout Maryland.
https://www.times-news.com/news/local_news/trooper-rescues-kayakers-from-ch…
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Rowlesburg needs $30,000 to start sewer project
From an Article by Theresa Marthey, WV News, July 12, 2019
ROWLESBURG — When it rains, the sewage problems in Rowlesburg can really cause a stink. It is known throughout Rowlesburg that the town has been having trouble with sewage during rainfall.
The Town Council in Rowlesburg told residents the town needs to address the sewer system during its July 9 meeting. But before any planning on a new system could begin, the town needs to come up with $…
[View More]30,000 to pay consultants and start a study.
The bottom line is the town got hit with a $200,000 fine a few years ago, and this is something that should have started years ago, but it didn’t,” Mayor Eric Bautista said. “In order to get Thrasher Engineering, Steptoe & Johnson and Roth & White CPAs, and to get a study, it’s going to cost about $30,000.”
Bautista said there are a million little things that need to be fixed in the town, but there is no money to do so. “But this system is a tremendous issue, and most people don’t realize how much of an issue it is,” Bautista said.
The town was fined $192,200 in 2016 for a violation, but an environmental attorney from Steptoe & Johnson was able to get the fine reduced to $2,500.
“The next time the DEP won’t be as forgiving,” Bautista said. “If they come in and shut the system off, and no one will be able to flush their toilets, what does the town do then?”
The problem is so prevalent that there is a sign in the Rowlesburg Community Park, close to the parking lot, stating that “sewage discharges into the Cheat River every time it rains.”
The town has backwash from the storm/sewage system going into the river during a hard rain. Former mayor Barbara Banister had said she had thought the problem was fixed when a contractor put a catch basin at the site, but it was not.
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