Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN) and its institutional partners have completed the acquisition of a 378 MW hydroelectric portfolio from Alcoa Power Generating Inc.
The portfolio consists of four generating stations on the Little Tennessee and Cheoah Rivers in eastern Tennessee and western North Carolina. All output from the facilities is contracted through June 2014 to the Tennessee Valley Authority.
In 2005, the portfolio was granted a 40 year operating license by the Federal Energy Regulatory Commission.
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