Energy

The Davis-Besse Nuclear Power Station at Oak Harbor, Ohio, would have a guaranteed buyer for all its output if the PUCO approves a FirstEnergy plan. Photo by Kathiann M. Kowalski.
Energy / FirstEnergy

FirstEnergy abandons its ‘power purchase agreements,’ but not its plan for customers to pay more

COLUMBUS — “FirstEnergy now wants Ohio regulators to forget about the ‘power purchase agreements’ they approved to save the company’s old power plants — but at the same time allow the company to keep the monthly customer surcharges that the PPAs were designed to produce. In a move that appears to […]

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 […]

Unfreeze, don’t re-freeze, Ohio’s alternative-energy standards: editorial
Energy / Freeze on Clean Energy

Unfreeze, don’t re-freeze, Ohio’s alternative-energy standards: editorial

CLEVELAND — “Terrible ideas periodically surface in the Ohio General Assembly. Another did Monday— which might as well be called the Utility Fossil Fuel Protection Act. The proposal, sponsored by Sen. William J Seitz, a suburban Cincinnati Republican, would extend, through 2019, Ohio’s freeze on renewable-energy and efficiency standards that […]

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 […]

Photo by Christa Lowman / Creative Commons
Energy

WASHINGTON, DC — “Low-income households spend up to three times as much of their income on energy costs as higher-income households do, and would benefit significantly from efficiency upgrades, according to a new report. Since their total income is lower, it’s not surprising that such households would see a higher […]