FirstEnergy to shut down two Pa. coal power plants, citing regulation and prices
Ohio-based FirstEnergy Corp. plans to shut down two coal-fired power plants in Pennsylvania by this fall because of the costs to comply with current and future environmental regulations and low market prices for electricity,the company said.
The move to deactivate the Hatfield's Ferry Power Station and Mitchell Power Station in western Pennsylvania comes after FirstEnergy already determined to close nine other facilities in Maryland, Ohio, Pennsylvania and West Virginia. Three of the nine remain online but will eventually be taken offline, the company has said.
The two most recent additions to the list represent about 30 percent of the $925 million FirstEnergy had expected to spend related to compliance with federal Mercury and Air Toxics Standards developed under President Barack Obama's administration.
Obama this summer has additionally announced setting federal standards for carbon emissions from power plants.
FirstEnergy includes Metropolitan Edison Co., which delivers power in parts of the midstate. Shares of FirstEnergy are traded on the New York Stock Exchange under the ticker symbol FE.