February 24, 2017 Read More →

Murray Coal Wants an Ohio Bailout

Dayton Business Journal ($):

Dayton Power & Light Co. doesn’t want the coal supplier to two of its plants to intervene in a settlement that could see the plants closed.

The company, owned by AES Corp., filed a memorandum with the Public Utilities Commission of Ohio opposing the motion by Murray Energy Corp. to intervene in a proposed settlement to its Electric Security Plan last month with environmental groups that would mean the closure of two of its coal-fired plants in Ohio next year, and a divestment from several others.

Murray has argued the resulting closure of the plants “directly puts at risk Murray Energy’s substantial financial interests” in supplying them.

Legal proceedings related to DP&L’s electric security plan have been ongoing for a year — a dozen parties have been involved with the case, including a number of environmental groups. The proposed settlement has DP&L pushing its business away from coal-fired energy in favor of investing in more renewables.

DP&L opposes coal supplier’s intervention over closure of plants

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