Corona Power LLC operates in the power generation sector. The company was incorporated in 2005 and is based in Shamokin Dam, Pennsylvania. The company is categorized under "investment advice."
In July 2006 Sunbury Generation LLC and its Sunbury Steam Station were sold to Corona Power. In 2006, Corona Power sought and won a substantial reduction in the tax assessment of the property. The assessment was cut by more than two thirds. Additionally, there is a freeze on the assessment for several years regardless of improvements made on the property.
In October 2007 Corona Power, working with Merrill Lynch, started the process of seeking buyers for the 400 megawatt Sunbury Generation facility. However in 2009 Sunbury Generation is still operated by Sunbury Generation alongside its general partner, Corona Power, in Shamokin Dam.
Corona Power and Coal
Sunbury Steam Station is a coal-fired power station owned and operated by Corona Power along the Susquehanna River in Shamokin Dam, Pennsylvania.
|Sunbury Steam Station||PA||1949, 1951, 1953||425 MW|
Proposed coal unit closures
In December 2011, Sunbury Generation announced plans to close five of its six coal-fired generators in Pennsylvania by 2015, including Sunbury Steam Station. Plant control operator Michael Kawa said Sunbury is "more or less" a seasonal plant due to environmental regulations and burns closer to 1 million st/year.
Old Trail Road
Shamokin Dam, PA 17876
No website found
Articles and Resources
- "WPS RESOURCES CORP 8K" Edgar Online, August 9, 2006.
- Tricia Pursell, "Power Plant May Lay Off 83", The Daily Item, August 16, 2009.
- "Sunbury to shut five coal-fired generators in Pennsylvania by 2015," Platts, Dec 29, 2011.
Related GEM.wiki articles
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