Are you using the expensive Allegheny Energy electrons or the cheaper Mon Power ones?

The numbers for the transaction defy common sense, apart from what generally accepted ratemaking principles or the Uniform System of Accounts require. The value of the 20% of the Harrison plant already owned by Mon Power on its books is $319/kW, while the proposed purchase price for the remaining 80% is $767/kW. This price disparity is inexplicable, given that there is nothing physically different in the four-fifths of the plant not owned by Mon Power versus the one fifth of the plant that Mon Power already owns. Are the electrons coming from the Allegheny Energy Supply side of the plant really worth 2½ times the value of the electrons from the Mon Power side of the plant? Try explaining that to the average FirstEnergy ratepayer in West Virginia.

Explaining the ludicrous folly of FirstEnergy's proposed Harrison plant sale to the average West Virginia ratepayer is something James Van Nostrand, Director of WVU's College of Law Center for Energy and Sustainable Development does very well in this recent article in the Energy Forward Blog.

Have you submitted your comment to the PSC opposing the transaction yet?  What are you waiting for?  Click here to submit your comment on case number 12-1571 now.  It only takes a minute!