In an unexpected move Friday, the Public Service Commission of West Virginia issued an order approving the Pleasants power plant sale transaction with some conditions whose stated purpose is to mitigate risk to customers.
We are disappointed the PSC issued an order approving the transaction since the Federal Energy Regulatory Commission (FERC) denied the Pleasants sale on Jan. 12. FERC denied FirstEnergy’s proposal because of cross-subsidy concerns. In particular, FERC found that Mon Power’s December 2016 request for proposals for additional power plant capacity – which Solar United Neighbors of West Virginia and West Virginia Citizen Action Group argued was biased in favor of the Pleasants plant – failed to meet federal standards.
If FirstEnergy wishes to move forward with its current proposal, it would need to file a petition with FERC by Feb. 12.
Stay tuned for updates.