Pleasants Plant

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West Virginia Weighs FirstEnergy’s Bid to Pass Risk to Ratepayers

Charleston Gazette: The state Public Service Commission began to hear testimony Tuesday in a hotly contested and controversial case over FirstEnergy’s effort to transfer one of its coal-fired power plants to a West Virginia subsidiary, a move that consumer advocates and environmental groups say is aimed at unloading an uncompetitive generation station onto ratepayers in […]

September 27, 2017 Read More →

Testimony: FirstEnergy Takeover of West Virginia Plant Would Cost Customers $470 Million

Gazette Mail (Charleston): A proposed deal for FirstEnergy subsidiaries to acquire a coal-fired power plant would likely cost customers $470 million over the next 15 years, according to testimony from an energy and environmental consultant filed with the state Public Service Commission Friday. David Schlissel, president of Schlissel Technical Consulting, submitted his prepared testimony on […]

September 5, 2017 Read More →

FirstEnergy, Failing on Its Own, Seeks a Multimillion Hand Up Now From Customers

Parkersburg (W.V.) News & Sentinel: The first of three hearings in front of the West Virginia Public Service Commission is scheduled for this Wednesday at 6 p.m. in Parkersburg City Council Chambers. The power company is hoping you stay home. FirstEnergy is seeking approval for its MonPower and Potomac Edison subsidiaries to buy the Pleasants […]

September 5, 2017 Read More →
IEEFA West Virginia: If Power Plant Is So Valuable, Why Is FirstEnergy Seeking to Transfer All the Risk to Ratepayers?

IEEFA West Virginia: If Power Plant Is So Valuable, Why Is FirstEnergy Seeking to Transfer All the Risk to Ratepayers?

An Eagerness to Sell Masks a Strategy to Leave Customers Holding the Bag

If its Pleasants Power Station is as valuable as FirstEnergy Corp. has told the West Virginia Public Service Commission that it is, why is the company so determined to push the ownership risks of it onto ratepayers? That question was at the heart of much of the testimony presented to the commission this past Friday […]

August 28, 2017 Read More →

More Questions on FirstEnergy Scheme in West Virginia

State Journal (West Virginia): According to multiple sources, including West Virginians For Energy Freedom Coalition and the Institute for Energy Economic and Financial Analysis, Ohio-based FirstEnergy, owner of Potomac Edison and Mon Power, has applied to purchase a plant based upon a model purchase in 2013 that has cost consumers over $160 million. FirstEnergy has […]

June 26, 2017 Read More →

Rising Opposition in West Virginia to FirstEnergy’s Scheme to Shift Risk to Ratepayers

Charleston Gazette: Groups opposing the purchase of the FirstEnergy-owned Pleasants Power Station by subsidiaries Mon Power and Potomac Edison have made their case known to the Federal Energy Regulatory Commission, arguing the transfer would stifle competition and put customers at risk of higher utility bills. Merchant generators and advocacy groups have said the purchase would […]

May 17, 2017 Read More →

‘Regulatory Battle’ Seen Around FirstEnergy’s Push to Put West Virginia Power Plant Risk on Ratepayers

Darren Sweeney for SNL: Monongahela Power Co.’s search for 1,300 MW of generation capacity to fill an expected capacity shortfall seems routine on its face, but a long and contentious battle is likely lurking. The FirstEnergy Corp. utility, which primarily operates in West Virginia, said in December 2016 that it is seeking proposals for the […]

January 25, 2017 Read More →

Questions Mount on FirstEnergy Subsidy Scheme for West Virginia Power Plant

Linda Harris for the (West Virginia) State Journal: Public interest groups across the state contend the utility’s RFP is anything but transparent. Groups like WV Sun and Energy Efficient WV suggest the RFP document was crafted to fit the needs of Mon Power’s parent company, FirstEnergy. FirstEnergy wants to move its 1,300-megawatt Pleasants Power Station, […]

January 10, 2017 Read More →

FirstEnergy Pushes Ahead With Plan for Ratepayers to Subsidize West Virginia Coal Plant

Andrew Brown for the Charleston (W.V.) Gazette: Shareholders for FirstEnergy saw the company lose $1.1 billion over a three-month period earlier this year, and executives with the coal-laden electric utility have announced that many of their power plants can’t keep up in competitive energy markets. So as the Akron-based company looks to stop the bleeding, […]

December 22, 2016 Read More →
IEEFA West Virginia: A Utility Double-Talks Itself Into a Corner as It Seeks a Ratepayer Bailout for Its Corporate Owner

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 […]

November 5, 2016 Read More →