Ohio Edison closes coal-fired plant
In 2005, FirstEnergy announced that it would convert the plant to a biomass-fired facility. The project fell through because of market prices, and the company decided to close the plant. The units will be dismantled and parts will be transferred to other plants and sold to vendors.
The facility was built in the 1940s with three oil-fired peaking units. In the 1950s, Ohio Edison added a coal-fired peaking unit and two coal-fired base load units. All units were Siemens with a Babcock & Wilcox dry bottom boiler. The plant had a total generating capacity of 413 megawatts.
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IEC reaches settlement on Palestinian electricity debt
TEL AVIV - The Palestinian Authority will pay Israel Electric NIS 915 million and take over management of its grid through Palestinian electricity supplier PETL.
The Israel Electric Corporation (IEC) (TASE: ELEC.B22) and Palestinian electricity supplier PETL have signed a draft commercial agreement under which the Palestinian Authority's (PA) debt of almost NIS 1 billion will be repaid. The agreement also transfers actual management of the supply of electricity to Palestinian customers from IEC to the Palestinian electricity authority.
Up until now, the IEC was unable to actually collect debts for electricity from Palestinian customers, because the connection with them was through…
