FirstEnergy is seeking a bailout from Mon Power and Potomac Edison ratepayers. FirstEnergy is the Ohio-headquartered parent company of Mon Power and Potomac Edison. Mon Power has indicated it would like to add additional generation capacity, and plans to get it by purchasing the Pleasants Power Station, currently owned by another FirstEnergy subsidiary.

This would have a major negative financial impact on West Virginia ratepayers. A similar transfer of ownership with the Harrison Power Plant has cost Mon Power and Potomac Edison customers more than $160 million dollars.

The Pleasants Power Station currently operates in a deregulated electricity market. It is struggling to compete against less expensive power sources. By transferring the plant to a regulated subsidiary, FirstEnergy would ensure that Mon Power and Potomac Edison customers would be on the hook for covering its costs for the next couple of decades.

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. Sign the petition below to urge the Public Service Commission to protect West Virginia ratepayers.