Thanks Barack… 3 West Virginia Coal Plants to Close | The Gateway Pundit
Three West Virginia coal plants just announced they will close this year. Metro News reported: Ohio based FirstEnergy Corporation announces it will close three coal fired power plants in West Virginia by this fall. The closings come directly from the impact of new federal EPA regulations. The plants to close are Albright Power Station, Willow Island Power Station, and the Rivesville Power Station. The company says 105 employees will be directly impacted. The three plants produce 660 megawatts and about 3-percent of FirstEnergy’s total generation. In recent years, the plants served as “peaking facilities” and generated power during times of...
More FACTS for CONs, FirstEnergy ea windfall from closing the plants:
(AP) NEW YORK — Instead of complaining about clean air rules, maybe utilities should cheer them.
Sometimes, the rules lead to big gains.
First Energy, a utility based in Ohio, got such a boost Thursday, a week after the company announced it would close six coal-fired plants, blaming new federal rules aimed at slowing emissions of mercury and other toxins.
Without these plants, electricity prices in parts of Ohio dominated by First Energy are expected to nearly double at a power auction scheduled for May.
The reason: There will now be a smaller fleet of power plants available to meet potential power needs. This smaller supply means the price to coax companies like First Energy to make their plants available will rise.