Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | SUBMIT News | Home RSS

W.Va. group appeals ruling on Harrison plant deal

November 6, 2013
Associated Press

CHARLESTON, W.Va. (AP) — West Virginia Citizen Action Group wants the state Supreme Court to overturn a Public Service Commission decision allowing the sale of a coal-fired power plant between FirstEnergy subsidiaries.

It appealed the sale of the Harrison Power Station on Wednesday, as promised last month.

The group argues the $1.1 billion deal is inflated by hundreds of millions.

The PSC approved the sale, subject to some conditions, and said it reduce Mon Power rates by $16 million a year.

The deal involves Ohio-based FirstEnergy subsidiaries Mon Power and Potomac Edison, and affiliate Allegheny Energy Supply.

Mon Power would buy the remaining 80 percent of the power plant that it doesn't currently own.

In exchange, Mon Power would sell 8 percent of its interest in the Pleasants Power Station to Allegheny Energy Supply.



I am looking for:
News, Blogs & Events Web