Coal

Ohio failed to protect customers and markets, so federal regulators came to the rescue
AEP / Energy / FirstEnergy

Ohio failed to protect customers and markets, so federal regulators came to the rescue

COLUMBUS — “The PUCO, by approving the bailouts, abjectly failed to uphold its mission. By stating the subsidies would stabilize prices and protect jobs at these plants, the PUCO tried to justify its decision. Although true, this does not justify saddling customers with $6 billion in above-market costs. Moreover, it […]

PUCO Chairman Andre Porter
AEP / Energy / FirstEnergy

All eyes on AEP, FirstEnergy with Ohio PPAs in doubt

Companies to seek ‘reregulation’; PUCO Chair Porter resigns COLUMBUS — “On Friday, Andre T. Porter, the chairman of the Public Utilities Commission of Ohio, announced his resignation, little more than a year after taking the position and less than a month after shepherding through the controversial PPAs. Porter’s announcement came two […]

Nick Akins, the top executive at American Electric Power
AEP / Energy / FirstEnergy

Returning to electricity regulation in Ohio would be hard road

COLUMBUS — “For people who have never thought about “re-regulation” of electricity companies, imagine dental surgery without an anesthetic. This gives an idea of what some of the reaction was like when Nick Akins, the top executive at American Electric Power, said last week that Ohio needs to consider restoring […]

Photo by Friscocali / Creative Commons
AEP / Coal / Energy / FirstEnergy / Freeze on Clean Energy

With ‘bailouts’ under federal scrutiny, Ohio utilities look to legislature

COLUMBUS — “It’s unclear what form AEP’s suggested re-regulation mechanism would take. However, it’s likely such a move would garner significant criticism from industry competitors, as well as consumer advocates and others. There have already been some attempts at political intervention. For example, FERC dockets for both the AEP and […]

FirstEnergy's downtown Akron headquarters.
Coal / Energy / FirstEnergy

FirstEnergy ‘disappointed’ as federal agency blocks income guarantees for power plants

CLEVELAND — “FERC has not yet ruled against FirstEnergy. What it has done is rescinded its previous waiver of restrictions of intra-company transactions, which it had to do in order to review the current PUCO-approved plan. But the language of its ruling could indicate that FERC is more concerned with […]

The Davis-Besse nuclear power plant near Oak Harbor does not compete well against new gas-fired power plants, says its owner FirstEnergy. The company convinced the state's regulators to approve an arrangement in which Illuminating Co., Ohio Edison and Toledo Edison customers will pay more to now Davis-Besse turns a profit. That arrangement still faces federal scrutiny.
Coal / Energy / FirstEnergy

FirstEnergy’s Davis-Besse, Sammis power plants make money after all: FirstEnergy profits show

AKRON — “The PUCO on March 31 approved a special eight-year arrangement forcing FirstEnergy’s Ohio customers to subsidize the continued operations of Davis-Besse and Sammis when they lose money, which it estimated could be as much as $363 million during the first 31 months. In later years, that surcharge would […]

BREAKING NEWS: FERC rescinds AEP, FirstEnergy affiliate-sales waivers; Will review Ohio PPAs
AEP / Energy / FirstEnergy

BREAKING NEWS: FERC rescinds AEP, FirstEnergy affiliate-sales waivers; Will review Ohio PPAs

WASHINGTON, DC — “FERC late Wednesday rescinded waivers it granted American Electric Power and FirstEnergy, meaning the controversial purchase power agreements approved by Ohio regulators will be subject to the commission’s affiliate abuse test. The commission granted a request by the Electric Power Supply Association and others asking it to […]

Andre Porter to resign as PUCO chairman, sources say
AEP / Coal / Energy / FirstEnergy

Andre Porter to resign as PUCO chairman, sources say

COLUMBUS — “Andre Porter will soon resign as Public Utilities Commission of Ohio chairman, according to sources. As soon as this week, Porter will say that he is stepping down to take a job out of state, according to three people who were briefed on the decision and spoke on […]

Institutional investors are walking away from Ohio utility companies that insist on coal
AEP / Coal / Energy / FirstEnergy

Institutional investors are walking away from Ohio utility companies that insist on coal

CLEVELAND — “Some of the world’s biggest investors are saying no thank you to enterprises so deeply—and dangerously—attached to coal. They include Norway’s Government Pension Fund Global, or GPFG, which last week announced its first round of divestiture from such holdings. Among the companies on Norway’s divestment list are three […]

The Davis-Besse nuclear power plant near Oak Harbor does not compete well against new gas-fired power plants, says its owner FirstEnergy. The company convinced the state's regulators to approve an arrangement in which Illuminating Co., Ohio Edison and Toledo Edison customers will pay more to now Davis-Besse turns a profit. That arrangement still faces federal scrutiny.
Coal / Energy

Power battles will continue in Ohio and you could pay more

CLEVELAND — “FirstEnergy’s victory to have customers pay higher electric bills to protect the company’s aging and less competitive Davis-Besse and Sammis power plants could be short-lived. It depends on whether FirstEnergy’s opponents win a ruling before June 1 from federal energy regulators throwing out the state-approved arrangement that has […]