A federal judge said bankrupt FirstEnergy Solutions should not have to pay $58 million a year to a pact overseeing coal-fired electric generation plants a pact that includes Dayton Power & Light (DP&L).
DP&L, with other Ohio power companies, make up the Ohio Valley Electric Corporation (OVEC), which operates the older, coal-fired power plants on the Ohio River.
OVEC members are arguing that the bankrupt company cannot withdraw from contributing to the operation of the aging plants, leaving DP&L, American Electric Power of Ohio and Duke Energy and their customers to take on the plants costs themselves.
RELATED: FirstEnergy bankruptcy could upset DP&L power pact
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