30 Mar '18, 10pm

FirstEnergy Attempts An Illegal Power Plant Bailout Scheme: NRDC

Also undercutting FirstEnergy’s position is that earlier this week it notified PJM it planned to retire its three nuclear plants in 2020 and 2021. That hardly constitutes an imminent emergency deserving of a 202(c) order. FirstEnergy’s notice triggers a 90-day PJM review period to assess whether closing the plants will cause any grid reliability issues. If PJM does find a reliability issue (its statements to date suggest that it will not), it may seek to keep one or more of the plants online until a permanent solution allows the plant to retire (such as new transmission, more efficiency). But the last thing PJM wants to do is to pay FirstEnergy to keep its plants running indefinitely, which is precisely FirstEnergy’s goal.

Full article: https://www.nrdc.org/experts/john-moore/fe-test

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