Agrees to PPA Buyout at 205 MW Warrior Run Plant in Maryland

ARLINGTON, Va., April 18, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) today announced an agreement to terminate the Power Purchase Agreement (PPA) for its 205 MW Warrior Run coal-fired power plant in Maryland.  The offtaker, Potomac Edison, a subsidiary of FirstEnergy Corp., agreed to terminate the PPA for a total consideration of $357 million, subject to approval by the Maryland Public Service Commission (PSC).  If approved, the early termination of the PPA is forecasted to save Potomac Edison's customers nearly $80 million over the next seven years, and will help the State of Maryland achieve its decarbonization targets.