20-Year Agreement for Wind Farm Output

FirstEnergy announced that its subsidiary, FirstEnergy Solutions, has entered into a 20-year agreement to purchase the output of a new, 65-megawatt wind generation farm being developed in Somerset, Pennsylvania, by Generation Resources Holding Company (GRHC), a developer of renewable wind energy projects based in Leawood, Kansas, with an office in Gibsonia, Pennsylvania.

Akron, Ohio – March 17, 2004 [SolarAccess.com] The project, Stonycreek WindPower, features 36, 1.8-megawatt turbines. It is expected to generate approximately 180,000 megawatt-hours annually. “We are pleased that Stonycreek will help us provide renewable energy to serve our customers,” says Guy Pipitone, senior vice president, Commodity Operations, of FirstEnergy. Stonycreek is expected to be operating by December 2004. The power purchase agreement is contingent upon extension of the Production Tax Credit and completion of financing for the project. “PennFuture congratulates FirstEnergy for agreeing to buy zero-pollution electricity from GRHC,” said John Hanger, president of PennFuture. “The wind farm will provide enough clean electricity every year to power about 21,000 households in Pennsylvania, and has the potential to avoid an amount of pollution equal to taking approximately 33,000 cars off the road.” This marks the second renewable energy agreement FirstEnergy has completed in Pennsylvania within the past year. In April 2003, the company agreed to purchase the output of a new 30-megawatt wind farm located in Somerset County, Pennsylvania, from FPL Energy, LLC, a subsidiary of FPL Group. “We are excited to bring added economic and environmental benefits to Pennsylvania and look forward to helping FirstEnergy add to its renewable portfolio by supplying cost-effective energy for use in the PJM grid,” says Bill Stevens, vice president of GRHC.
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