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FirstEnergy Corp. (NYSE:FE) announced it plans to close six coal plants due to the introduction of new environmental regulations.
FirstEnergy Corp. (NYSE:FE) announced it plans to close six coal plants due to the introduction of new environmental regulations.
As quoted in the press release:
The total capacity of the competitive plants that will be retired is 2,689 megawatts (MW). Recently, these plants served mostly as peaking or intermediate facilities, generating, on average, approximately 10 percent of the electricity produced by the company over the past three years.
Click here for the FirstEnergy Corp. (NYSE:FE) press release.