IEEFA West Virginia: A Utility Double-Talks Itself Into a Corner as It Seeks a Ratepayer Bailout for Its Corporate Owner
Mon Power Says It Has an Abundance of Generation Capacity. Mon Power Also Says It Needs to Buy a Failing Coal Plant From FirstEnergy.
After gaining approval from regulators for a $600 million bailout in Ohio, FirstEnergy turns to West Virginia for its next ratepayer-subsidized relief act. The company is orchestrating the sale of its deregulated Pleasants coal plant on the Ohio River just north of Parkersburg to its regulated West Virginia subsidiary, Mon Power (regulated is code for […]