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WV group opposes Harrison power plant sale

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  • Many WV coal counties losing revenue

    Many WV coal counties losing revenue

    Monday, August 8 2016 10:15 AM EDT2016-08-08 14:15:05 GMT

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

CHARLESTON (AP) — A West Virginia group is voicing opposition to a proposed $1 billion deal to transfer ownership of a Harrison County power plant.

The West Virginia-Citizen Action Group said Monday it has filed a formal objection with the W.Va. Public Service Commission.

FirstEnergy announced the deal last week involving its subsidiaries Mon Power and Potomac Edison, and affiliate Allegheny Energy Supply.

The parties have requested that the West Virginia regulators approve the settlement by Friday. The Federal Energy Regulatory Commission already has approved the transaction.

The West Virginia-Citizen Action Group argues that the price that ratepayers are being asked to pay is too high and that acquiring the plant will increase long-term price risks for ratepayers.

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