This post was updated May 22, 2017, to include media reports about the FERC filing. The links are at the end.
On May 8, WV SUN and West Virginia Citizen Action Group filed a Protest with the Federal Energy Regulatory Commission (FERC) challenging FirstEnergy Corp.’s proposal to transfer the aging Pleasants coal plant to Monongahela Power, one of FirstEnergy’s regulated utilities in West Virginia.
The Federal Power Act prohibits such transfers if they would result in a public utility inappropriately cross-subsidizing a corporate affiliate. In our Protest, we explained that this proposal is being driven by FirstEnergy’s desire to offload the Pleasants plant’s financial risks onto Mon Power and Potomac Edison’s customers while guaranteeing a steady revenue stream for FirstEnergy and its shareholders.
We also explained that FirstEnergy’s rationale for its proposal is misleading and that the request for proposals (RFP) that the Mon Power issued in December 2016 was heavily biased for Pleasants.
Click here to view WV SUN and Citizen Action Group’s Protest.
Protests were also filed by Consumer Advocate Division of the West Virginia PSC, the Electric Power Supply Association and PJM Power Providers Group, and the owner of the Longview power plant.
Below are media reports on the FERC filing:
- "Opposition to Pleasants Power Station deal builds with FERC filings" — Max Garland, Charleston Gazette-Mail
"Longview Power Challenges Mon Power's Pleasants Deal" — Linda Harris, The State Journal
"Groups Protest Plant Purchase" — David Beard, The Dominion Post