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A Texas-based utility is buying the company that owns a West Virginia coal plant, but the plant is not part of the sale.
Vistra Corp. announced Monday it will purchase Ohio-based Energy Harbor for more than $3 billion.
Energy Harbor owns two coal plants, one in Ohio and the Pleasants Power Station in Pleasants County.
However, neither of the two coal plants are part of the proposed transaction.
“Vistra will not acquire Energy Harbor’s legacy conventional generation fleet,” Vistra’s statement said.
Vistra only wants Energy Harbor’s three nuclear power plants, two in Ohio and one in Pennsylvania.
Pleasants and Ohio’s W.H. Sammis power plant are scheduled to shut down this year.
Pleasants will close at the end of May unless a buyer steps forward. FirstEnergy’s Mon Power is currently evaluating whether to purchase the Pleasants plant.
