Parkersburg: Public Hearing to Stop FirstEnergy’s Latest Bailout
Voice your opposition to FirstEnergy Corp.’s latest bailout! Attend a public hearing and rally on the proposed transfer of its Pleasants power plant to Monongahela Power and Potomac Edison!
After receiving letters and comments from concerned residents, the Public Service Commission will hold three public hearings. The first is Wednesday, Sept. 6, 2017 at 6 p.m. at the Parkersburg Municipal Building: 1 Government Square, 3rd and Avery streets, Parkersburg, WV 26101.
West Virginians For Energy Freedom, a coalition fighting the bailout, will hold a pre-hearing rally from 5:30-5:45 p.m. outside the Municipal Building.
FirstEnergy Corp. is currently trying to shift the financial burden of an aging and obsolete coal plant from its shareholders onto West Virginia residents, specifically its Monongahela Power (Mon Power) and Potomac Edison customers. Under a proposal that the Public Service Commission (PSC) is currently reviewing, these customers would be forced to cover all of the costs associated with the Pleasants power plant, assume its financial risks, and pay FirstEnergy a guaranteed profit. A similar transfer of ownership of the Harrison power plant in 2013 has cost Mon Power and Potomac Edison customers more than $160 million, so far.
West Virginians should not have to pay for something we don’t need. We don’t need the additional capacity, so why should residents pay to boost profits for monopolies that want to make more money than they’d earn in a competitive marketplace?
In addition to attending the hearings, you can also submit public comments to: Ingrid Ferrell, Executive Secretary, P.O. Box 812, Charleston, WV 25323. All written comments should be marked with Case No. 17-0296-E-PC. Public comment may also be made online at http://www.psc.state.wv.us by clicking on “Submit a Comment” in the left column and by following the directions provided.
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