April 16, 2018 Read More →

Power Producer Group Opposes FirstEnergy Bailout

Washington Examiner:

Power plant owners are urging President Trump to reject a plea by an Ohio power provider to save its fleet of coal and nuclear plants that are slated to shut down in the next three years, saying it would be legally wrong and jeopardize his America First agenda.

The Electric Power Supply Association, representing merchant power plant owners, sent Trump a letter Thursday night, expressing concern over his recent remarks supporting an emergency relief order for FirstEnergy under the Federal Power Act to keep the plants running. Trump told a crowd in West Virginia last week that he is taking a serious look at approving the order.

“EPSA writes to you today, because granting the [FirstEnergy] request, or providing other forms of assistance to a subset of competitors, is fundamentally at odds with the wise course you have charted for the country,” the group wrote. “This includes your goals of robust economic growth, improving U.S. competitiveness, and modernizing infrastructure, including the power grid.”

John Shelk, the CEO of the group, told Trump that it would be unwise to approve FirstEnergy’s petition for emergency relief under section 202(c) of the Federal Power Act, saying such an action would not be supported by the law. “There is simply no emergency,” Shelk wrote, explaining that there would be “widespread negative ramifications if it were to be granted.”

Giving FirstEnergy’s facilities in Ohio and Pennsylvania federal relief would constitute an unfair competitive advantage, not only harming FirstEnergy’s competitors, but also the consumers and businesses that rely on the energy they provide, Shelk said.

More: Power Plant Owners Press Trump To Reject Bailout For Coal, Nuclear

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