FirstEnergy continues to put West Virginia taxpayers on the hook for its failing business model. This B&O tax bailout was not the first, nor will it be the last, time FirstEnergy has asked for a government handout. When will these corporate giveaways end?
The 40-year-old Pleasants Power Station can no longer compete in a 21st-century energy marketplace. Over $12 million a year in avoided B&O tax payments falls far short of offsetting its future losses and remains a bad deal for West Virginians. Sadly, the State Legislature has capitulated to FirstEnergy's demands.
West Virginia needs to be looking forward, not propping up old power plants that can no longer compete on their own merits. West Virginians for Energy Freedom sees this for what it is: the latest in a series of rent-seeking behaviors from a bankrupt Ohio-based company.
About West Virginians For Energy Freedom
West Virginians For Energy Freedom is a coalition of your neighbors, organizations in your community, local businesses, municipalities and elected officials advocating for energy freedom in West Virginia.
Here's a summary of our advocacy for West Virginians and energy freedom during FirstEnergy's case before the Public Service Commission of West Virginia. More than 2,500 letters of protest and petitions against FirstEnergy were posted to the PSC docket. Only 51 letters of support were registered.
Our current campaign: Legalizing power purchase agreements for on-site renewable energy sources during the next full session of the legislature.