"The power plant that buys coal from Sen. Joe Manchin’s family business won’t have a second life powering cryptocurrency mining.
The Public Service Commission of West Virginia rejected a proposal late last week by the owners of the Grant Town power plant to buy out of a power purchase contract with a subsidiary of utility giant FirstEnergy.
E&E News first reported on the cryptocurrency plan in November (Climatewire, Nov. 17, 2021). The plan to convert the plant to a source of power for energy-intensive cryptocurrency mining carried the risk of permanent closure, FirstEnergy claimed in PSC filings.
If the plant closes, it would affect Manchin’s personal finances. A company Manchin founded in 1988, now called Enersystems, has sold Grant Town the bulk of its coal for decades. Manchin earned $500,000 from Enersystems in 2020, according to Senate disclosure records."
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