West Virginia

IEEFA Research

IEEFA Report: A Cynical Re-Regulation Strategy in West Virginia

FirstEnergy’s Machinations Around the Pleasants Power Station Are Designed to Shift Risk to Ratepayers

In seeking to get the West Virginia Public Service Commission to allow it to sell all or a portion of its Pleasants Power Station, Ohio-based FirstEnergy Corp. is following a strategy of re-regulation that stands to benefit shareholders at ratepayer expense. The coal-fired 1,300-megawatt Pleasants plant is currently owned by a FirstEnergy deregulated subsidiary, Allegheny […]

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In Ohio, AEP and FirstEnergy Adopt an Audacious Strategy That Could Cost Ratepayers Dearly

A Model First Established in West Virginia Is Being Pushed Now in the Buckeye State

We’ve posted a research note today that explains how reregulation schemes in Ohio by FirstEnergy and AEP bear a striking resemblance to one approved in West Virginia that resulted in a recent push to raise electricity rates by 12.5 percent. The gist of our memo, “West Virginia Bailout Emboldens FirstEnergy and AEP in Ohio,” is […]

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Report: FirstEnergy Seeks a Subsidized Turnaround

FirstEnergy: A Major Utility Seeks a Subsidized Turnaround (pdf) By Tom Sanzillo, Director of Finance and Cathy Kunkel, Fellow Institute for Energy Economics and Financial Analysis

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Report: No evidence of a turnaround at Prairie State

No Evidence of a Turnaround at Prairie State (pdf) By David Schlissel, Director of Resource Planning Analysis

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Report: Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants

Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants (pdf)      

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Report- The Prairie State Coal Plant: The Reality vs. the Promise

Report- The Prairie State Coal Plant: The Reality vs. the Promise (pdf).

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More News and Commentary

In Bankruptcy Reorganization, U.S. Coal Giant Alpha Is Overstating Cash Flows by $100 Million, Regulators Say

Taylor Kuykendall for SNL: West Virginia regulators admonished Alpha Natural Resources Inc. for a five-year business projection that overstated “cash flows by a whopping $100 million.” The West Virginia Department of Environmental Protection noted it would not challenge a settlement resolving the shortfall between Alpha and Contura Energy Inc., the entity formed from the bankruptcy […]

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On the Blogs: Pipeline Glut in Southeast U.S.

Gillian Neimark for Southeast Energy News: While the shale boom has seen a proliferation of new natural gas pipelines throughout the Southeast, critics say many of the projects are not needed and are simply a way for developers and utilities to reap profits on the backs of ratepayers. The Marcellus shale—which lies beneath much of […]

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IEEFA West Virginia: A Utility Double-Talks Itself Into a Corner as It Seeks a Ratepayer Bailout for Its Corporate Owner

Mon Power Says It Has an Abundance of Generation Capacity. Mon Power Also Says It Needs to Buy a Failing Coal Plant From FirstEnergy.

After gaining approval from regulators for a $600 million bailout in Ohio, FirstEnergy turns to West Virginia for its next ratepayer-subsidized relief act. The company is orchestrating the sale of its deregulated Pleasants coal plant on the Ohio River just north of Parkersburg to its regulated West Virginia subsidiary, Mon Power (regulated is code for […]

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A Call From West Virginia to Get Past the ‘War’ Rhetoric and Develop a Post-Coal Economy

Karen Kidd for the West Virginia Record: A West Virginia University law professor hopes members of a U.S. Senate subcommittee who heard his testimony earlier this month will stop talking about the so-called “War on Coal” and concentrate instead on West Virginia’s economic good. James Van Nostrand, a WVU College of Law professor and director […]

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Letter to the Editor: ‘Just Transition’

From the Baltimore Sun: Simple fairness demands that the nation address the economic plight of coal country with a focus on mining families. Miners risk their lives and health every time they go underground. The product of their work has powered our nation for generations. As we transition away from coal as a power source, […]

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W. Virginia Commission Clears Way for FirstEnergy to Dump Aging Coal-Fired Plant on Ratepayers

Max Garland for the Charleston (W.V.) Gazette-Mail: The Public Service Commission has ruled that FirstEnergy, the parent company of MonPower and Potomac Edison, does not need to accept bids for other energy sources before asking the PSC for additional power plant capacity. The ruling clears the path for FirstEnergy to request approval for MonPower purchasing […]

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W. Virginia Commission Sides With FirstEnergy on Ratepayer-Subsidized Business Plan

Linda Harris for the (West Virginia) State Journal: The West Virginia Public Service Commission has denied a staff petition that would have required Mon Power Company to seek competitive bids before increasing capacity. The PSC said the petition, filed by its Consumer Advocate Division, was premature because the utility had yet to determine the extent […]

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IEEFA Ohio: FirstEnergy’s Bailout Plan Is Paying Off (for FirstEnergy)

Ohio Regulator Nod on $600 Million to $1 Billion in Ratepayer Subsidies Presages a Similar Campaign in West Virginia

The Public Utility Commission of Ohio this week gave FirstEnergy a much smaller bailout than the company wanted. But it’s still a bailout. We expect opponents—including consumer and environmental organizations, industrial electricity customers and other power producers in Ohio—to appeal the PUCO decision to the Ohio Supreme Court. These groups will probably ask the Federal […]

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Backlash in West Virginia Over FirstEnergy Subsidy Scheme

Linda Harris for the (West Virginia) State Journal: Mon Power spokesman Todd Meyers insists it’s premature to even be talking about a plant acquisition because no request has been filed with the PSC. The fact that nothing has been submitted yet is, in and of itself, cause for concern, said PSC Consumer Advocate Division Director […]

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Don Blankenship Is an American Criminal

A Notorious U.S. Coal Executive Remains Blindly Unrepentant for His Part in the Deaths of 29 Miners

Donald Leon “Don” Blankenship, the former head of Massey Energy who is serving federal prison time for his role in the deaths of 29 coal miners six years ago in West Virginia, got beaucoup headline treatment this week for issuing a “manifesto” in which he pronounces himself an “American political prisoner.” Give the man kudos […]

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