FirstEnergy to Close Three West Virginia Coal Plants

FirstEnergy Corp. (NYSE:FE) announced it will shut down three coking coal mines in West Virginia due to new environmental regulations.

As quoted in the press release:

It was determined that additional investments to implement MATS and other environmental rules would make these plants even less likely to be dispatched.  As a result, the decision was made to retire these West Virginia plants rather than continue operations.

Click here for the FirstEnergy Corp. (NYSE:FE) press release.