FirstEnergy is trying to shift the risks of an unprofitable asset from Allegheny shareholders to West Virginia Mon Power ratepayers!
FirstEnergy would force us to pay the cost of the company’s bad investment. West Virginia’s Public Service Commission is considering whether or not it will allow Mon Power to acquire Pleasants without opening a competitive bidding process. A recent study written by Cathy Kunkel and published by The Institute for Energy Economics and Financial Analysis (IEEFA) shows that Mon Power’s takeover of the Harrison coal-fired power plant has cost West Virginia electric customers $164 million since 2013. To learn more, read The Dominion Post article about Kunkel’s study. Click here to read Lewisburg City Council Resolution 441 in favor of competitively picking new energy capacity. |
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