Asset Management Company to Liquidate Piney Creek Power Plant

In Pennsylvania, Stuart B. Millner & Associates recently signed a contract with Piney Creek Limited Partnership to liquidate the assets from the Piney Creek Power Plant in Clarion. The facility originally cost approximately $182 million to build in 1991, and has undergone numerous expensive renovations since.

The plant is a 32MWe generating plant that utilized waste bituminous coal as its primary fuel source–shut down in 2013. According to SBMA officials, the assets are “state of the art,” and could prove to be a great opportunity for buyers in need of meeting mandatory percentages of renewable energy. Indeed, many of the assets are very new. For example, the biomass system was just installed in 2012.

More on the story.