Government, WVPA Sharing

W.Va. tax break for FirstEnergy Solutions comes while company is in court battle with coal company owned by Gov. Justice

By STEVEN ALLEN ADAMS, Parkersburg News and Sentinel

CHARLESTON, W.Va. — As a $12 million tax break requested by Gov. Jim Justice to save the Pleasants Power Station passed the Legislature Tuesday, the plant’s owner and a Justice-owned coal company are in a legal battle.

FirstEnergy Solutions Corp., the operators of Pleasants Power Station, filed an adversarial proceeding against Bluestone Energy Sales Corp. on Dec. 13. An adversarial proceeding is a lawsuit related to an ongoing bankruptcy case. FirstEnergy Solutions, headquartered in Akron, filed for chapter 11 bankruptcy in U.S. Bankruptcy Court of the Northern District of Ohio on March 31, 2018.

In the complaint, FirstEnergy alleges Bluestone owes $3.1 million to the power company for excess coal stockpiles Bluestone agreed to buy back. Attorneys for FirstEnergy are asking the court to turn over the final payment due by Bluestone and declare Bluestone in breach of contract. …

Read more:

Comments are closed.

Subscribe to Our Newsletter

Subscribe to Our Newsletter

And get our latest content in your inbox

Invalid email address