‘Distortions’ in energy markets hurting FirstEnergy’s nuclear fleet, executive says
WASHINGTON — In Donald Moul’s view, the competitive energy market in Pennsylvania isn’t broken. But the rules that govern it are distorting FirstEnergy’s ability to compete.
Mr. Moul, vice president of commodity operations for FirstEnergy Solutions, said as much on Tuesday to a room full of nuclear operators, analysts and regulators gathered for the Platts 11th Annual Nuclear Energy Conference in Washington, D.C. He places the blame not on normal market functions, he said, but on policy decisions that have eaten away at the value of its coal and nuclear fleet.