Integrated Retail Supplier-Generator Exiting Fossil Business Through Generation Asset Sales Or Deactivations
March 14, 2022 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Energy Harbor announced that it will exit the fossil business through a sale or deactivation of its W.H. Sammis Power Station in Stratton, OH and its Pleasants Power Station in Willow Island, West Virginia in 2023.
"In addition, the company is currently working to divest other non-core, ancillary properties related to its fossil business," Energy Harbor said
The actions are part of what Energy Harbor said is, "its plan to become a 100% carbon free, energy infrastructure and supply company in 2023."
Energy Harbor has filed deactivation notices with PJM Interconnection, LLC (PJM), the regional transmission organization, for the following generating units:
• W.H. Sammis Units 5-7, Stratton, Ohio (1,694 MW, coal)
• Pleasants Power Station Units 1 and 2, Willow Island, West Virginia (1,368 MW, coal)
"These plants represent 3,074 megawatts (MW) of generating capacity and will continue normal operations between now and June 2023. The plant deactivations are subject to PJM's review for reliability impacts," Energy Harbor said
"Retiring the fossil fueled plants is a difficult but necessary strategic business decision critical to the continued transformation of our company," said David Hamilton, Executive Vice President, Chief Operating Officer and Chief Nuclear Officer of Energy Harbor.
John Judge, Energy Harbor's President and Chief Executive Officer, said, "Over the past two years, it has been made abundantly clear to us that our customers, communities, and capital markets partners recognize the value of partnering with Energy Harbor as we help transform clean energy supply. The carbon free, reliable baseload power generated by our nuclear units is recognized as critical infrastructure required for the US clean energy transition. With our exit from fossil generation ownership, we will be uniquely positioned as one of the few 100% carbon free energy infrastructure and supply companies in the US."