FirstEnergy looks to shuffle Pleasants plant

Shareholders for FirstEnergy saw the company lose $1.1 billion over a three month period earlier this year, and executives with the coal-laden electric utility have announced that many of their power plants can’t keep up in competitive energy markets.

So as the Akron-based company looks to stop the bleeding, they are eyeing West Virginia in the hope of offloading one of those uncompetitive plants onto electric consumers in the Mountain State.

MonPower, one of two FirstEnergy subsidiaries in West Virginia, announced late last week that it was requesting proposals for 1,300 megawatts of new power that would go to customers in the northern half of West Virginia.

READ THE FULL REPORT IN THE WV GAZETTE-MAIL