Free Flow Power Acquires Remaining Interest in 10 Ohio Hydroelectric Development Projects



Released on: August 31, 2010, 9:33 am
Author: Free Flow Power Corporation
Industry: Energy

August 31, 2010 (Gloucester, Massachusetts) - Free Flow Power (FFP) is pleased to announce that it has acquired the remaining assets of Clean River Power, LLC that it had not previously owned. Clean River Power is a run of the river hydroelectric project developer based in Cincinnati, Ohio. Free Flow Power's acquisition includes 10 subsidiary LLCs which hold preliminary permits for conventional hydroelectric projects in southeastern Ohio; nine of the projects are located on the Muskingum River and one is on the Scioto River. The projects have a total nameplate capacity of approximately 40 MW and anticipated power production capacity of approximately 250,000 megawatt hours annually. Alan Skelly, Michael Skelly, Sr., and Tim Jones of Clean River Power have joined FFP's, New Hydro - Project Development, management team.

Alan Skelly has 26 years of experience in private utility law and development, including as past Chief Executive Officer and Managing Director of Clean River Power. Michael Skelly, Sr. has 32 years experience in law, utility and energy project development including as past Treasurer of the Northeast Sustainable Energy Association. Tim Jones has more than 20 years of experience as a Certified Public Accountant with an international full-service accounting firm and as Chief Financial Officer / Controller of various construction and development companies.

Dan Irvin, Chief Executive Officer of Free Flow Power Corporation commented “Clean River Power shared Free Flow Power’s focus on reviving the world’s largest form of renewable energy generation in an environmentally-responsible manner; we’re very pleased with the assets and personnel that this acquisition brings to Free Flow Power.”

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