The Times West Virginian

Local News

November 29, 2012

Mon Power ‘trying to take a long view’

To ensure customers have steady supply of low-cost electricity

FAIRMONT — Mon Power has proposed a plan with the goal of ensuring that all West Virginia customers have access to a steady supply of electricity in the future.

Todd Meyers, spokesman for Mon Power, which is one of the utility companies under FirstEnergy Corp., said the company wants to make a significant investment — $1.1 billion — as part of its obligation to make sure all of its customers have low-cost and reliable power. Mon Power is seeking permission from the PSC for a two-step transaction.

He explained that the company owns 20 percent of the Harrison Power Station in Haywood and has an 8 percent share of the Pleasants Power Station near Willow Island. Mon Power would like to purchase the remaining 80 percent of the Harrison Power Station from another FirstEnergy subsidiary, Allegheny Energy Supply, so it owns all of that facility. It is also looking to sell its share of the Pleasants Power Station to Allegheny Energy Supply.

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