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Pleasants Power Station deal off, company tells West Virginia Public Service Commission

By JESS MANCINI

The Parkersburg News and Sentinel

Pleasants Power Station

PARKERSBURG, W.Va.  – Two utilities have informed the West Virginia Public Service Commission they will neither accept the commission’s conditions for the purchase of the Pleasants Power Station nor seek a rehearing with a federal agency that rejected the deal.

Allegheny Energy Supply Co. had planned to sell the Pleasants facility to Monongahela Power and Potomac Edison, all subsidiaries of FirstEnergy Corp., for $195 million, which was opposed by consumer groups. The sale would have placed the facility into the regulated market in West Virginia and would have been guaranteed a profit.

The Federal Energy Regulatory Commission in January denied the request to buy the power plant.

Read the entire article: http://www.newsandsentinel.com/news/local-news/2018/02/pleasants-power-deal-off-company-says/

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