Tuesday, July 9, 2013

FirstEnergy to deactivate two coal power plants in Pa

Hatfield's Ferry Power Station in Masontown, Pa
[Related story 'FirstEnergy won't convert' added at 4:33 p.m.]

FirstEnergy Corp. (FE) says it plans to deactivate two coal-fired power plants in Pennsylvania, citing the cost of compliance with current and future environmental regulations, along with a continued low market price for electricity. 

The company announced that its Hatfield's Ferry Power Station in Masontown, Pa., and Mitchell Power Station in Courtney, Pa., will be deactivated by Oct. 9. The total capacity of the plants is 2,080 megawatts, representing about 10% of the company's total generating capacity, and about 30% of the estimated $925 million cost to comply with the Environmental Protection Agency's Mercury and Air Toxics Standards.
FirstEnergy said about 380 plant employees and generation-related positions are expected to be affected. The company has 16,495 employees, according to FactSet.
Following the deactivation of the Hatfield's Ferry and Mitchell power stations, FirstEnergy's fleet will consist of 56% coal, 22% nuclear, 13% renewables and 9% gas/oil. It will have a generating capacity of more than 18,000 megawatts.
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The company said with the latest deactivations, in addition to the nine plants it announced for deactivation last year, nearly 100% of the power generated by FirstEnergy will come from resources that are either non- or low-emitting.
FirstEnergy's $4.4 billion acquisition of Allegheny Energy Inc. in early 2011 made it one of the largest electricity producers in the U.S. The company serves customers in Maryland, Ohio, Pennsylvania, New Jersey, New York and West Virginia.

Related environmental news stories: 

FirstEnergy to Deactivate Two Coal Plants, Citing Environmental Regulation Costs
FirstEnergy to shut two Pennsylvania coal power plants 

First Energy won't convert coal-fired power plants to dual firing for now

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