Maine

PPL Sells Majority of Hydro Assets in Maine;

Retains Ownership of Veazie, Great Works and Howland and Reaffirms Commitment to Penobscot River Restoration Project
Press Release

Old Town and Augusta, ME:  Today, PPL Corporation (PPL) announced that its PPL Maine subsidiary has signed an agreement to sell the majority of PPL Maine's hydroelectric generation business to Black Bear Hydro Partners, LLC, an affiliate of ArcLight Capital Partners, LLC, for a total of approximately $95 million, subject to the receipt of various state and federal regulatory approvals and consents.  PPL will retain ownership of the Veazie, Great Works and Howland Dams pending the sale of those assets to the Penobscot River Restoration Trust (Penobscot Trust). 

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