Energy

FirstEnergy’s slide persists as it scrambles for a ratepayer bailout
Coal / Energy / FirstEnergy

FirstEnergy’s slide persists as it scrambles for a ratepayer bailout

CLEVELAND — “FirstEnergy’s most recent quarterly numbers and its outlook for 2015 are both dismal and in line with a report we published last fall, ‘FirstEnergy Seeks a Subsidized Turnaround.’ If anything, FirstEnergy’s problems have only gotten worse since we issued our report: FirstEnergy’s net income (revenues less expenses) continues […]

Rep. Al Landis, a Dover Republican who leads the House Energy and Natural Resources Committee, said the focus of the bill is to help private landowners.
Energy / Hydraulic Fracturing

Ohio House bill would ease fracking in state parks

COLUMBUS — “Gov. John Kasich has used the back door to keep fracking out of Ohio state parks and forests. Now, the legislature is trying a side door to fast-track fracking on public lands. A measure prioritized by House Republicans, who dominate the chamber, got a third hearing yesterday on […]

Speculation turns to future of AEP plants after PPA decision
AEP / Coal / Energy

Speculation turns to future of AEP plants after PPA decision

COLUMBUS — “An equity analyst with UBS Investment Bank said in a post that the PUCO decision “likely seals” the fate of a sale or spinoff of AEP plants, mostly in Ohio. AEP has already hired investment bank Goldman Sachs Group Inc. (NYSE:GS) to explore the option, although the company […]

Pictured right to left: Sammi Tuckerman, Kate Aylward
AEP / Coal / Duke Energy / Energy / FirstEnergy

A Ratepayer-friendly regulatory decision in ohio means one down, three to go

CLEVELAND — “Kudos to the Public Utilities Commission of Ohio (PUCO) for standing up for residential and business customers. The commission last week denied American Electric Power’s request for long-term power purchase agreements for two aging coal-fired plants, the Kyger Creek Station and the Clifty Creek Station. The request, first […]

FracFocus promises improvements in access, accuracy
Energy / Hydraulic Fracturing

FracFocus promises improvements in access, accuracy

WASHINGTON, DC — “The improvements to FracFocus are to include a “self-checking” feature designed to detect and correct errors when companies are entering the unique numbers for chemicals, called CAS numbers. The organizations said they will put an ‘emphasis’ on a reporting format called the ‘systems approach’ that they hope […]

AEP loses out as regulators reject deal for guaranteed income
AEP / Coal / Energy

AEP loses out as regulators reject deal for guaranteed income

COLUMBUS — “Regulators have rejected American Electric Power Company Inc.’s controversial proposal to guarantee the utility a profit on its stake in a coal-fired Ohio power plant, but they left the door open for future plans. The Public Utilities Commission of Ohio decided Wednesday that a so-called power purchase agreement […]

The Davis-Besse nuclear power plant might not survive, says FirstEnergy, unless its gets special treatment from the PUCO.
AEP / Coal / Energy

PUCO rejects deal to have ratepayers subsidize a coal-fired power plant

COLUMBUS — “The Public Utilities Commission of Ohio made history Wednesday by declining to allow AEP Ohio to have ratepayers subsidize the continued operation of a 1950s-era coal-fired power plant it owns along with FirstEnergy and other state utilities. The decision — immediately applauded by consumer and environmental groups — […]

Pictured right to left: Sammi Tuckerman, Kate Aylward
AEP / Energy

AEP’s plan for guaranteed coal-plant income rejected

COLUMBUS — “Ohio utility regulators have rejected an American Electric Power proposal to guarantee income from two coal plants. Regulators said the plan was legal but would not benefit consumers. The coal-plant decision, which is part of a larger AEP rate case mostly approved today, has wide-ranging ramifications. Two other […]

Andre Porter
Energy

Porter’s return to PUCO fuels speculation about chairman’s future

COLUMBUS — “Ohio’s commerce director will move back to his old seat at the Public Utilities Commission of Ohio amid speculation that he’ll soon become chairman. …The PUCO has a number of major decisions in front of it that have remain unanswered. A major American Electric Power Company Inc. (NYSE:AEP) […]

FirstEnergy CEO Chuck Jones is poised to remake the company
Coal / Energy / FirstEnergy

FirstEnergy CEO Chuck Jones is poised to remake the company

AKRON — “FirstEnergy has run — not walked — away from its unregulated subsidiary FirstEnergy Solutions, which has owned all of the power plants since 2005. FES now operates conservatively, for example, by not booking orders for every megawatt it is capable of generating, but holding back some in case […]