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    ENGH   US29279N1028

ENERGY HARBOR CORP.

(ENGH)
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FirstEnergy Solutions Accelerates Deactivation of Bruce Mansfield Unit 3

08/09/2019 | 10:03am EDT

FirstEnergy Solutions Corp. (FES) announced that it will accelerate the deactivation of its remaining coal-powered unit in Beaver County, Pennsylvania due to a lack of economic viability in current market conditions. The Company has notified PJM that the Bruce Mansfield Unit 3 will be deactivated on November 7, 2019. The previously communicated deactivation date for the facility was June 1, 2021. FES previously deactivated Mansfield's Units 1 and 2, based in Shippingport, Pennsylvania on February 5, 2019. The deactivation will be safely and responsibly conducted in accordance with relevant regulations and guidelines. By November, the workforce will be reduced to a level required to complete deactivation activities. In all cases, the Company will comply with its collective bargaining agreement, including severance as applicable, and have already initiated discussions with Union leadership. Deactivation activities are projected to be completed by May 2020.


© S&P Capital IQ 2019
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Jennifer R. Kneale Independent Director