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Duke Energy to sell retired coal-fired plant in Ohio

Duke Energy Corp. , AES Corp. subsidiary Dayton Power and Light Co. and American Electric Power Co. Inc. announced that they have finalized an agreement to sell the retired coal-fired Walter C. Beckjord power plant in Clermont County, Ohio, to Commercial Liability Partners.

Commercial Liability Partners will repurpose the facility, keeping the environmental needs in check. The company will work under the direction of the Ohio Environmental Protection Agency to determine final environmental plans for the site, which includes the station and surrounding coal ash ponds.

Duke Energy will still own the transmission substation and switchyard near the plant, and Duke Energy Renewables will own and operate the two battery storage units on site.

Financial terms of the deal were not disclosed.