FirstEnergy drops plans to retrofit coal plant to burn biomass
(ADPnews) - Nov 19, 2010 - US diversified energy firm FirstEnergy Corp (NYSE:FE) said it had dropped plans to convert two coal-fired units at its Burger power plant in Ohio to run on biomass due to a steep fall in market prices for electricity.
The expected market prices no longer support its USD 200 million (EUR 146.3m) retrofit plan, the company said in a statement on Wednesday.
FirstEnergy will close permanently the two units at the plant by the end of December and offer the 79 affected employees other jobs within the company.
The company is obliged to repower, scrub or shut down the two units as part of a plan to reduce emissions of sulfur dioxide under the 2005 Consent Decree settlement with the US Environmental Protection Agency and other parties.
FirstEnergy will finish the USD 1.8 billion retrofit of its WH Sammis plant in Ohio by the end of the year, it added.