Tuesday, February 6, 2018

Pleasants Power Station sale canceled

FirstEnergy Corp. had planned for one of its subsidiaries to sell the Pleasants Power Station near Willow Island, W.Va., to another. That would move Pleasants, which burns coal, from a competitive market to a regulated one.

That transfer apparently is dead now. According to the Marietta Times, FirstEnergy has called off the move.

The Federal Energy Regulatary Commission nixed the sale, while the West Virginia Public Service Commission had approved it with certain conditions. FE says it does not accept the PSC's terms and it will not appeal the FERC decision.

Now we wait and see what the future of the plant is.

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