Yesterday was the deadline for FirstEnergy to submit ordered information regarding their WV plant closures to the PSC. FirstEnergy didn't really provide any new information.
I couldn't help but notice the way FirstEnergy avoided answering the PSC's questions related to FE's scheme to enrich themselves with higher capacity prices as a result of their wave of coal plant closures. FE told the PSC, "It's not prudent to speculate..." FE isn't doing that great a job hiding the real reason for the plant closures, are they?
Too bad the PSC didn't ask them about how their premature plant closures could pad FE's bottom line by forcing some tasty RMR contracts. (RMR = Reliability Must Run - payments FE will receive to keep 5 of their Ohio units slated for closure available until transmission improvements are completed.)
FE told the WV PSC that they have no authority to order the plants to stay open. And we all know who wears the pants at the WV PSC, don't we? They put on a good act, but it's quite obvious they're nothing but Tony the Trickster's lapdog. Nobody is fooled anymore.
FE is quite a bit smarter than AEP, however. While AEP wasted time and money bellyaching over plant closures, Tony the Trickster was scheming up a way to make a bunch of money on plant closures. Of course, that's only smarter if FE doesn't get caught....
I couldn't help but notice the way FirstEnergy avoided answering the PSC's questions related to FE's scheme to enrich themselves with higher capacity prices as a result of their wave of coal plant closures. FE told the PSC, "It's not prudent to speculate..." FE isn't doing that great a job hiding the real reason for the plant closures, are they?
Too bad the PSC didn't ask them about how their premature plant closures could pad FE's bottom line by forcing some tasty RMR contracts. (RMR = Reliability Must Run - payments FE will receive to keep 5 of their Ohio units slated for closure available until transmission improvements are completed.)
FE told the WV PSC that they have no authority to order the plants to stay open. And we all know who wears the pants at the WV PSC, don't we? They put on a good act, but it's quite obvious they're nothing but Tony the Trickster's lapdog. Nobody is fooled anymore.
FE is quite a bit smarter than AEP, however. While AEP wasted time and money bellyaching over plant closures, Tony the Trickster was scheming up a way to make a bunch of money on plant closures. Of course, that's only smarter if FE doesn't get caught....
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