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November 28, 2022
Home » Energy Harbor to Pay OVEC $32.5M in Settlement
Energy Harbor has agreed to pay Ohio Valley Electric Corp. (OVEC) $32.5 million and drop its attempt to abrogate a 30-year power purchase agreement signed by its predecessor, bankrupt FirstEnergy Solutions (FES). In a settlement lodged with FERC on May 19, the companies said Energy Harbor will assume FES’ obligations...
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