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July 06, 2022

Energy Harbor to Pay OVEC $32.5M in Settlement

Drops Bid to Abrogate Contract

May 25, 2020
Rich Heidorn Jr.
Company News / PJM / FERC & Federal / Ohio / Generation
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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