Last updated on October 08, 2013 @ 7:00PM
Created on October 08, 2013 @ 6:40PM
Mon Power officials are continuing to review the conditions of an agreement to allow them to purchase a power plant in Harrison County.
5 News spoke with and official from Mon Power Tuesday, and he told us this move will not impact the customers of the Harrison Power Station. Officials say that by having more power to supply to your homes, you could now see a decrease on your bill.
Mon Power has been trying to buy the remaining 80 percent of the Harrison Power Station since last year. As part of this new deal, Mon Power sold their ownership in the Pleasants Power Station.
"Once we review this agreement will are hoping that it will lead to a decrease in rates for customers right off the bat with a reduction of
about a $1.50 to the average residential customer." said Todd Meyers, First Energy Spokesman
The company is paying Allegheny Energy a little over one billion to acquire the Harrison Station, and ratepayers will also fund about 800 million dollars of it.
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Oct 09, 2013 at 12:24 AM
IF ratepayers will also fund about 800 million dollars of this....how is it that they'll experience a reduction in their bills??? How does that work?