Coal Association: Utility's Plan Could Hasten Plant Retirements

A plan under review by the West Virginia Public Service Commission opens a door for the retirement of three coal plants, an industry group says.

Appalachian Power is seeking the PSC’s approval to securitize more than $2 billion in costs, including the current value of its three coal plants in West Virginia.

That would involve issuing bonds that would be paid back by electricity customers over a 20-year period. Appalachian Power has offered the plan as a way to save customers money versus a regular rate increase.

The West Virginia Coal Association, however, has warned the PSC that the plan could make it possible for Appalachian Power to retire its Amos, Mountaineer and Mitchell plants before 2040.

https://wvpublic.org/story/energy-environment/coal-association-utilitys-plan-could-hasten-plant-retirements/