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TAG: FirstEnergy

If Mon Power buys Pleasants, only the shareholders win

“So when the company makes money the profit all goes to the stockholders and management, but when they lose money (by not investing in new tech) they want bailout cash from ‘the little people?’ I don’t think so.”   The anonymous comment above, submitted to the Public Service ...

Guest essay: Pleasants deal bad for Mon County

Also unfair to MonPower consumers by Jim Kotcon  The Pleasants power plant is a 43-year-old, 1,300-MW, coal-fired power plant in Pleasants County. MonPower’s parent company, FirstEnergy, tried to dump this unprofitable dinosaur onto MonPower customers in 2017. FirstEnergy argued ...