FirstEnergy CEO says Pleasants power plant sale may happen

The president and CEO of FirstEnergy suggested in an earnings call Wednesday that the company would seek to sell the Pleasants Power Station near St. Marys to its West Virginia subsidiaries — a move that would shift the cost and risk of that coal-powered plant from company shareholders to customers.

The earnings call follows several weeks in which FirstEnergy, the parent company of Mon Power and Potomac Edison, has been heavily questioned about its integrated resource plan — a 15-year energy forecast that was filed with the state Public Service Commission earlier this year. That document suggested that MonPower would seek to buy an existing, unnamed coal-fired power plant in the near future.

READ THE FULL REPORT IN WV GAZETTE-MAIL.