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Mon Power and Potomac Edison offer an environmental compliance program for power plants
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Mon Power and Potomac Edison offer an environmental compliance program for power plants

FAIRMONT, W.Va., Dec. 17, 2021/PRNewswire/ -Mon Power and Potomac Edison are subsidiaries of FirstEnergy Corp. FE), have applied to the Public Service Commission of West VirginiaApproval to conduct a multiyear environmental compliance program at Fort Martin Power Station and the two regulated power plants of the companies. MaidsvilleAnd Harrison Power StationIn Haywood. The approximate $142 MillionProgram would include new wastewater treatment projects at the plants in order to meet the U.S. Environmental Protection Agency (EPA) effluent limitation guideline requirements.

If approved, the companies will complete the work by 2025, which would reduce the environmental impact of the facilities. Fort Martin and Harrison will continue to be operated beyond the 2025 compliance deadline until their expected retirement dates of 2035, 2040, respectively.

“The upgrades proposed will create local jobs, and allow us to continue operating our plants into the next ten years for the benefit our customers in.” West VirginiaJim MyersPresident of West VirginiaFirstEnergy operations.

The ratepayer surcharge would pay for the cost of the improvements. It would begin at 51 centsFor the average residential customer, it is $18 per month West VirginiaWhen the first projects are completed in 2024.

Fort Martin and Harrison were both put into service in the late 1960s or early 1970s. These plants have an average lifespan of approximately 60-years.

Mon Power and Potomac Edison are working together to find the most cost-effective and reliable ways to replace the plant’s significant capacity. They produce 3,080 megawatts combined.

FirstEnergy announced last year that it would be launching a Promise to achieve carbon neutralityBy 2050. The company communicated its intention to carefully transition its generation fleet as part of its comprehensive climate strategy.

Mon Power and Potomac Edison have submitted a recent application to the Public Service Commission West VirginiaFive utility-scale buildings Solar energy projectsAll over the companies West VirginiaService territory that could generate 50 megawatts clean, renewable energy.

Mon Power serves approximately 395,000 customers in 34 West Virginia counties. Follow Mon Power at www.mon-power.comOn Twitter,? @MonPowerWVYou can also find us on Facebook

Potomac Edison serves approximately 275,000 clients in seven counties. Maryland151,000 customers in Eastern Panhandle of West Virginia. Follow Potomac Edison www.potomacedison.comOn Twitter,? @PotomacEdisonYou can also find us on Facebook

FirstEnergy is committed to safety, reliability, and operational excellence. Its 10 electric distribution businesses make up one of the largest investor-owned electric systems in the country, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, MarylandAnd New York. The company’s transmission subsidiaries manage approximately 24,000 miles transmission lines that connect the Midwest with Mid-Atlantic. Follow FirstEnergy on the internet at www.firstenergycorp.comFollow us on Twitter @FirstEnergyCorp.

Forward-Looking Statements:This news release contains forward-looking information based upon information currently available to management. These forward-looking statements are subjected to certain risks and uncertainties. Readers should not place undue reliance upon these forward looking statements. These statements may include statements regarding management’s intentions, beliefs, and current expectations. These statements often include the words “anticipate”, “potential”, “expect,” forecast,” target,” “target,”” “intend,” believe,” project,” estimate,” plan, and similar words. Forward-looking information involves estimates, assumptions and known and unknown risks, as well as uncertainties and other factors. Actual results, performance and achievements could be materially different from those projected or implied by forward-looking statements. This could include: the completion and receipt of regulatory approvals for the agreements governing FET and the common stock issue on the terms and timing anticipated; potential liabilities, increased cost and unanticipated development resulting from governmental probes and agreements, including any associated with compliance with or failure with the Deferred Prosecution Agreement July 21, 2021With the U.S. Attorney’s Office, Southern District of OhioThe risks and uncertainties that come with government investigations into House Bill 6, as passed by Ohio’s133rd General Assembly, as well as related matters, including potential adverse consequences on federal or State regulatory matters, including matters relating to rates; noncompliance with credit facility debt covenants by the company; the risks associated with litigation, arbitration mediation and similar proceedings; legislative developments and regulatory developments, including but not limited, matters related rates, compliance, enforcement activity; and the final approbation of the Public Utilities Commission. Ohio(“PUCO”) of the Unanimous Recommendation and Stipulation filed by the Company and 11 other parties to the PUCO November 1, 2021; the ability or failure to realize the anticipated benefits of the company’s FE Forward program and its other strategic goals and financial objectives, including but not restricted to: maintaining financial flexibility, overcoming uncertainties and challenges associated to ongoing government investigations, executing company’s transmission investment plans, greenhouse gas reduction targets, controlling costs and growing earnings. Credit rating agencies may take adverse actions to affect the company’s access or terms to financing. The amount of dividends that FirstEnergy declares on its common stock may vary from previous periods due to the circumstances considered by FirstEnergy’s Board of Directors at time of actual declarations. A security rating is not intended to be a recommendation to buy securities. It can be subject to revision by the assigning agency. Each rating should not be compared to any other rating. These forward-looking statements should be evaluated independently of any other rating. This review of factors should not be considered complete. There are always new factors that can impact FirstEnergy’s business. Management cannot predict all of these factors and assess their impact on FirstEnergy. It is also impossible to predict how any factor or combination of factors may affect results. These forward-looking statements could be materially different from the ones made. FirstEnergy disclaims any obligation to revise or update any forward-looking statements, except as required under law.

SOURCE FirstEnergy Corp.

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