FirstEnergy to Deactivate Pleasants Power Station in West Virginia1,300 Megawatts of Generating Capacity Set to Retire in 2019
FirstEnergy subsidiary Mon Power filed a plan in March 2017 seeking regulatory approval to acquire the Pleasants Power Station, which would have resolved a projected 10-year energy capacity shortfall and decreased electric bills for customers. The Federal Energy Regulatory Commission (FERC) rejected the proposal on January 12, 2018. The Public Service Commission of West Virginia approved the sale subject to a number of significant conditions. Those conditions, combined with the FERC rejection, make the proposed transfer unworkable.
"Closing Pleasants is a very difficult choice because of the talented employees dedicated to reliable operation of the station and the communities who have supported the facility for many years. But the recent federal and West Virginia decisions leave FirstEnergy no reasonable option but to expeditiously move forward with deactivation of the plant," said Charles E. Jones, FirstEnergy president and chief executive officer. "We will continue to pursue opportunities to sell the plant while planning for deactivation."
The decision to deactivate the plant impacts approximately 190 employees. Affected employees may be eligible to receive severance benefits through the FirstEnergy severance plan if the plant is closed.
Located along the Ohio River in Willow Island, West Virginia, Pleasants Power Station began operation in 1979. Its two 650-megawatt generating units together produce enough electricity to power approximately 1.3 million homes.
Since 2016, FirstEnergy has announced the sale or closure of 2,471 MW of competitive generation operated in Ohio, Pennsylvania and Virginia. Following the deactivation of the 1,300-megawatt Pleasants plant, the company will own or control generating capacity totaling approximately 14,795 MW from scrubbed coal, nuclear, natural gas and renewable energy facilities across Ohio, Pennsylvania, West Virginia, New Jersey, Virginia and Illinois. FirstEnergy continues to complete the strategic review of its remaining competitive generating fleet.
FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, while its generation subsidiaries control nearly 16,000 megawatts of capacity from a diversified mix of scrubbed coal, non-emitting nuclear, natural gas, hydro and other renewables. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.
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