The PSC Must Do What’s Right for West Virginia
Do you know the old advice to investors – “Buy low and sell high”? Well, building a new gas-fired power plant right now is doing exactly the opposite. This is the worst time in history to be paying for construction of a new natural gas-fired power plant. It’s buying when the cost of buying has […]
West Virginia regulators should deny Mon Power’s gas plant proposal in Monongalia County.
Due to the project’s exorbitant cost, the disinterest shown by FirstEnergy in seeking a special tariff to insulate existing customers from data center-driven rate increases, and the utilities’ failure to adequately explore less costly alternative means of ensuring reliable and cost effective service, the Commission should not approve the companies’ plan to construct a new 1.2 GW gas-fired power plant.
Whoops Again?
A pair of Ohio River Valley gas plant projects would be the largest, most expensive energy developments in US history. But as the price of gas power soars and demand remains uncertain, there’s a chance that taxpayers and utility customers could get stuck with a big bill.