NewPage Wisconsin System Inc. and Kaukauna Utilities announced recently the completion of the sale of the NewPage hydroelectric facility in Kimberly , Wisconsin to Kaukauna Utilities. The facility has 2.7 megawatts of installed capacity; Kaukauna Utilities paid $6.1 million for the assets.
Kaukauna Utilities, a community-owned utility founded in 1912, owns and operates seven additional hydroelectric facilities on the Fox River with a total installed capacity of 23.0 megawatts.
The sale of the hydroelectric facility has no material impact on the remainder of the NewPage Kimberly facility, as it only supplied approximately two percent of the mill's required electric during periods of mill operation. NewPage continues to work with Sanabe & Associates to help identify a qualified buyer for the Kimberly mill.
