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IEEFA Update: In Ruling Against Another Bailout Scheme by FirstEnergy, FERC Strikes a Blow Worth Hundreds of Millions for Ratepayers

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By rejecting a bailout maneuver last week in West Virginia by Ohio-based FirstEnergy, the Federal Energy Regulatory Commission last week ended up protecting Mon Power and Potomac Edison customers from incurring hundreds of millions of dollars of unnecessary costs over the next 15 years. FirstEnergy’s scheme would have transferred the Pleasants Power Station, which is […]

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