FirstEnergy announced it expects to deactivate two coal-fired power plants located in Pennsylvania by October 9, 2013. The decision is based on the cost of compliance with current and future environmental regulations in conjunction with the continued low market price for electricity. The plants scheduled to be deactivated are Hatfield's Ferry Power Station in Masontown, Pa., and Mitchell Power Station in Courtney, Pa.
Former FERC Commissioner Bill Massey says we shouldn't bottle the genie of competition as Fortnightly author Doug Jones advocated in May 2013. Instead, he says, the genie's shackles should be removed so market forces can produce maximum efficiency and value for customers.