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IEEFA Update: A Case That Suggests Regulators Are Tiring of Campaigns to Bail Out Failing Power Plants

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It’s to the benefit of ratepayers that FirstEnergy this week announced that it will drop its scheme to transfer the Pleasants Power Station from deregulated subsidiary Allegheny Energy Supply to West Virginia regulated subsidiaries Mon Power and Potomac Edison. The move would have shielded the coal-fired Pleasants plant from market competition, forcing West Virginia ratepayers […]

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