FirstEnergy Corp. FE today entered into a definitive agreement to sell the Fremont Energy Center in Fremont, Ohio, to American Municipal Power, Inc..
Under terms of the agreement, the facility would be purchased by AMP for approximately $485 million, based on 685 megawatts of output. The transaction would close on or about July 1, 2011. The companies signed a Memorandum of Understanding for the transaction in February 2011.
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