{"id":61527,"date":"2023-04-07T17:38:52","date_gmt":"2023-04-07T21:38:52","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/west-virginia-regulators-to-hear-proposal-that-would-keep-power-plant-open-past-closing-date-61527"},"modified":"2023-04-07T17:38:52","modified_gmt":"2023-04-07T21:38:52","slug":"west-virginia-regulators-to-hear-proposal-that-would-keep-power-plant-open-past-closing-date","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/west-virginia-regulators-to-hear-proposal-that-would-keep-power-plant-open-past-closing-date-61527","title":{"rendered":"West Virginia regulators to hear proposal that would keep power plant open past closing date"},"content":{"rendered":"<div>\n<p>Regulators will consider a rate proposal by two FirstEnergy subsidiaries that would keep a West Virginia coal-fired power plant open past its scheduled May 31 closing date.<\/p>\n<p>The <a href=\"https:\/\/www.foxnews.com\/category\/politics\/state-and-local\" target=\"_blank\" rel=\"noopener\">state Public Service Commission<\/a> said Friday it has scheduled an April 23 evidentiary hearing on the request by Monongahela Power and Potomac Edison. The companies are seeking to enter into a letter of intent with the operator of the Pleasants Power Station along the Ohio River to run the plant from May until June 2024 while exploring a long-term solution.<\/p>\n<p>Houston-based <a href=\"https:\/\/www.foxnews.com\/category\/us\/energy\" target=\"_blank\" rel=\"noopener\">Energy Transition and Environmental Management<\/a> is currently leasing the plant from the previous owner, Akron, Ohio-based Energy Harbor.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/sports\/supreme-court-allows-12-year-old-transgender-girl-run-girls-track-west-virginia\" target=\"_blank\" rel=\"noopener\"><strong>SUPREME COURT ALLOWS 12-YEAR-OLD TRANSGENDER GIRL TO RUN GIRLS&#8217; TRACK IN WEST VIRGINIA<\/strong><\/a><\/p>\n<p>The FirstEnergy subsidiaries are seeking a surcharge for all customers that would raise $36 million to recover costs to keep the plant open for 12 months. Ratepayer and environmental advocates oppose the plan.<\/p>\n<p>State lawmakers in 2019 <a href=\"https:\/\/www.foxnews.com\/politics\/senate-dems-overwhelmingly-vote-gop-overturn-controversial-dc-crime-law\">voted overwhelmingly<\/a> to give the struggling power plant a $12.5 million tax break. Local and state officials have said closing the plant would devastate the local economy, coal producers and other industries.<\/p>\n<p>The 43-year-old plant employs about 150 workers.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/us\/west-virginia-regulators-hear-proposal-that-would-keep-power-plant-open-past-closing-date\">Source &#8211; https:\/\/www.foxnews.com\/us\/west-virginia-regulators-hear-proposal-that-would-keep-power-plant-open-past-closing-date <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regulators will consider a rate proposal by two FirstEnergy subsidiaries that would keep a West Virginia coal-fired power plant open past its scheduled May 31 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-61527","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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