Pleasants Plant

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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 →

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 →