The facility, which has 2.7MW of installed capacity, supplied approximately 2% of the mill’s required electric during periods of mill operation.
NewPage said that the sale of the hydroelectric facility will have no material impact on the remainder of its Kimberly facility.
NewPage will continue to work with Sanabe & Associates, which acted as financial advisor to comapny in the transaction to help identify a qualified buyer for the Kimberly mill.
Kaukauna Utilities owns and operates seven additional hydroelectric facilities on the Fox River with a total installed capacity of 23MW.
Kaukauna Utilities 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.
