Displaying items by tag: hydroelectric

NewPage Wisconsin System Inc. and Kaukauna Utilities announced today the completion of the sale of the NewPage hydroelectric facility in Kimberly , Wisconsin to Kaukauna Utilities. The facility has 2.7 megawatts of installed capacity; Kaukauna Utilities paid $6.1 million for the assets.

Kaukauna Utilities, a community-owned utility founded in 1912, owns and operates seven additional hydroelectric facilities on the Fox River with a total installed capacity of 23.0 megawatts.

The sale of the hydroelectric facility has no material impact on the remainder of the NewPage Kimberly facility, as it only supplied approximately two percent of the mill's required electric during periods of mill operation. NewPage continues to work with Sanabe & Associates to help identify a qualified buyer for the Kimberly mill.

Sanabe & Associates, LLC, acted as exclusive financial advisor to NewPage in the transaction.

About NewPage Corporation

Headquartered in Miamisburg , Ohio , NewPage Corporation is the largest coated paper manufacturer in North America , based on production capacity, with $3.1 billion in net sales for the year ended December 31, 2009. The company's product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint and specialty papers. These papers are used for corporate collateral, commercial printing, magazines, catalogs, books, coupons, inserts, newspapers, packaging applications and direct mail advertising.

NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin and Nova Scotia, Canada. These mills have a total annual production capacity of approximately 4.4 million tons of paper, including approximately 3.2 million tons of coated paper, approximately 1.0 million tons of uncoated paper and approximately 200,000 tons of specialty paper. To learn more, visit www.NewPageCorp.com.

About Kaukauna Utilities

Kaukauna Utilities, www.ku-wi.org is a community-owned and operated utility that provides electric service to 15,000 customers in the City of Kaukauna , Villages of Little Chute and Combined Locks and portions of the Towns of Vandenbroek, Buchanan, Wrightstown, Freedom, Kaukauna, Oneida and Holland . Kaukauna Utilities also provides water service to more than 6,000 customers in the City of Kaukauna .

Media Contacts:
Shawn Hall
NewPage
937-242-9373

Jeff Feldt
Kaukauna Utilities
920-462-0218

Published in North American News
Friday, 19 February 2010 12:45

NewPage Press release

Wisconsin Rapids Water Works and Lighting Commission (WRWWLC) signed an agreement with Consolidated Water Power Company (CWPCo), a subsidiary of NewPage Corporation, to purchase CWPCo utility transmission and distribution assets.

Located in Wisconsin Rapids, CWPCo provides power to retail customers in [central Wisconsin]. CWPCo also owns and operates five hydroelectric projects along 33 miles of the Wisconsin River in DuBay, Stevens Point, Whiting, Biron and Wisconsin Rapids. The agreement with WRWWLC includes the assets necessary to deliver power to CWPCo's retail customers, and does not include the CWPCo hydroelectric facilities.

An application for approval of this sale was jointly filed later the same day with the Public Service Commission of Wisconsin. Time of closing is dependent on regulatory review and Commission approvals. The purchase price for the utility assets will be equal to the net book value of the assets at the time of closing.

About Wisconsin Rapids Water Works and Lighting Commission (WRWWLC)
The Wisconsin Rapids Water Works and Lighting Commission is a municipally owned electric and water utility. WW&LC serves 14,500 electric and 8,500 water meters in a service territory that includes the City of Wisconsin Rapids and all or parts of the towns of Grand Rapids, Seneca, Sigel, Grant and the Village of Biron.

About Consolidated Water Power Company (CWPCo)
A subsidiary of NewPage Corporation, Consolidated Water Power Company (CWPCo) owns and operates five hydroelectric projects along 33 miles of the Wisconsin River in central Wisconsin located in DuBay, Stevens Point, Whiting, Biron and Wisconsin Rapids. These five hydrofacilities house 39 hydrogenerators with a combined installed capacity of 35.2 megawatts (annual electricity use by about 75,000 households) and provide river water stability for recreational purposes and other uses. CWPCo also owns 24 percent of the Wisconsin Valley Improvement Company, which regulates the river upstream of DuBay, and is represented on the board of directors. The private corporation regulates a uniform flow in the Wisconsin River and helps coordinate the operation of hydroelectric plants on the Wisconsin River. This centralized coordination helps generate increased hydroelectricity and improve flood control capabilities.

About NewPage Corporation
Headquartered in Miamisburg, Ohio, NewPage Corporation is the largest coated paper manufacturer in North America, based on production capacity, with $3.1 billion in net sales for the year ended December 31, 2009. The company's product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint and specialty papers. These papers are used for corporate collateral, commercial printing, magazines, catalogs, books, coupons, inserts, newspapers, packaging applications and direct mail advertising.

NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin and Nova Scotia, Canada. These mills have a total annual production capacity of approximately 4.4 million tons of paper, including approximately 3.2 million tons of coated paper, approximately 1.0 million tons of uncoated paper and approximately 200,000 tons of specialty paper. To learn more, visit www.NewPageCorp.com

Media Contact:
Shawn Hall
NewPage
937-242-9373

Published in North American News