FirstEnergy plans to spend roughly $2.5 billion to add 1.2 gigawatts of gas-fired power generation in West Virginia, positioning itself to follow through on a plan it filed with state regulators this month reaffirming the company’s commitment to fossil fuel-fired electricity at a time of increasingly steep costs for new gas plants.

FirstEnergy chairman, president and CEO Brian Tierney announced the planned investment during a quarterly earnings call with investors on Oct. 23, following up on a required long-term resource plan the company’s West Virginia subsidiaries, Mon Power and Potomac Edison, filed with the state Public Service Commission on Oct. 1. Energy and Environment

WV utilities cling to coal-fired energy in new long-term plans amid power cost climb

By Mike Tony mtony@hdme

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