Pleasants Plant

More News and Commentary

FirstEnergy tries again to push Pleasants coal plant off its books

Energy News Network: FirstEnergy wants to transfer a West Virginia coal plant into its bankrupt subsidiary’s portfolio, but the justification for the move is in doubt as the company seeks other coal plant closures. On August 26, FirstEnergy Solutions’ Chief Restructuring Officer Charles Moore told the bankruptcy court in Ohio that “another coal-fired power station […]

September 7, 2018 Read More →

FirstEnergy asks bankruptcy court for approval to shed liabilities for environmental clean-ups

Plain Dealer: CLEVELAND, Ohio — FirstEnergy’s share price hit a 52-week high Thursday morning as news of its proposed “definitive settlement” with its bankrupt subsidiary FirstEnergy Solutions spread among investors. The settlement, filed this week in federal bankruptcy court, is FirstEnergy’s latest effort to shed itself of past and future financial responsibilities connected with FES […]

August 31, 2018 Read More →
IEEFA Update: Failed Coal-Plant Deal in West Virginia Is in Ratepayers’ Best Interest

IEEFA Update: Failed Coal-Plant Deal in West Virginia Is in Ratepayers’ Best Interest

Negligence on the Part of FirstEnergy and the State to Encourage Responsible Transition

As FirstEnergy prepares to either sell the Pleasants Power Station in West Virginia or deactivate it, the question now becomes whether the company and the state will come up with a good plan to help the local community through this transition. FirstEnergy’s decision on Pleasants comes after the Federal Energy Regulatory Commission rejected its proposal […]

February 22, 2018 Read More →
IEEFA Update: A Case That Suggests Regulators Are Tiring of Campaigns to Bail Out Failing Power Plants

IEEFA Update: A Case That Suggests Regulators Are Tiring of Campaigns to Bail Out Failing Power Plants

FirstEnergy Throws in the Towel on Its Latest Play in West Virginia

It’s to the benefit of ratepayers that FirstEnergy this week announced that it will drop its scheme to transfer the Pleasants Power Station from deregulated subsidiary Allegheny Energy Supply to West Virginia regulated subsidiaries Mon Power and Potomac Edison. The move would have shielded the coal-fired Pleasants plant from market competition, forcing West Virginia ratepayers […]

February 8, 2018 Read More →
IEEFA Update: In Ruling Against Another Bailout Scheme by FirstEnergy, FERC Strikes a Blow Worth Hundreds of Millions for Ratepayers

IEEFA Update: In Ruling Against Another Bailout Scheme by FirstEnergy, FERC Strikes a Blow Worth Hundreds of Millions for Ratepayers

More Bad News for an Out-of-Step Electricity Company Struggling to Stave Off Bankruptcy

By rejecting a bailout maneuver last week in West Virginia by Ohio-based FirstEnergy, the Federal Energy Regulatory Commission last week ended up protecting Mon Power and Potomac Edison customers from incurring hundreds of millions of dollars of unnecessary costs over the next 15 years. FirstEnergy’s scheme would have transferred the Pleasants Power Station, which is […]

January 16, 2018 Read More →

FirstEnergy’s Pleasants Plant Deal would Hurt Competitiveness in West Virginia

West Virginia Gazette Mail: As Mon Power and Potomac Edison await approval to buy a Pleasants County power plant, an analysis backed by opposition parties says manufacturers, schools and hospitals in West Virginia will have to pay about $230 million more on their utility bills over 15 years if the deal goes through. Technical consultant […]

January 2, 2018 Read More →

Pleasant Prairie Plant in Wisconsin Will Close in 2018

Milwaukee Journal: On Tuesday, Milwaukee-based WEC Energy Group announced it was closing the plant permanently in the second quarter of 2018 as the company moves to cheaper natural gas and other energy sources. The decision is the latest sign of coal’s diminishing status as a source of electric generation as utilities turn to natural gas, […]

November 29, 2017 Read More →

Op-Ed: FirstEnergy Plan for West Virginia Plant Would Have Ratepayers Foot the Bill

Charleston Gazette-Mail: There’s an old saying that goes, “Fool me once, shame on you. Fool me twice, shame on me.” The West Virginia Public Service Commission will soon make a decision that reveals whether it has learned that lesson. If not, hardworking West Virginians are in danger of footing the bill. At issue is FirstEnergy’s […]

November 20, 2017 Read More →

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 →