Charah solutions acquires cheswick generating station and related facilities from genon for sustainable environmental remediation and redevelopment of properties

Environmental risk transfer services leader to demolish existing power plant, close ash landfill, remediate site and redevelop property in a sustainable manner charah solutions' growing environmental risk transfer portfolio proves beneficial to utility partners, shareholders, local communities and the environment louisville, ky / accesswire / january 20, 2022 / charah® solutions, inc. (nyse:chra) (the "company"), a leading provider of environmental services and byproduct sales to the power generation industry, today announced that it has entered into a binding agreement to acquire the cheswick generating station, the lefever ash landfill and the monarch wastewater treatment facility from genon and will begin environmental remediation and sustainable redevelopment of the pennsylvania properties upon closing. the asset purchase agreement with genon was signed in december 2021, and the full transfer will take place in early april 2022 after the cheswick generating station ceases electrical generation operation.
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