Coal

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WASHINGTON, DC — “FERC late Wednesday rescinded waivers it granted American Electric Power and FirstEnergy, meaning the controversial purchase power agreements approved by Ohio regulators will be subject to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 […]

Could U.S. Supreme Court ruling nix AEP profit guarantees?
AEP / Coal / Energy

Could U.S. Supreme Court ruling nix AEP profit guarantees?

WASHINGTON, DC — “The U.S. Supreme Court has ruled against a state subsidy for new power plants in Maryland, a case that Ohio leaders are watching for implications on profit guarantees recently approved for American Electric Power and FirstEnergy. In an 8-0 ruling, the high court upheld a lower court […]

Air Pollution: EPA doubles down on mercury rule; more litigation likely
Coal

Air Pollution: EPA doubles down on mercury rule; more litigation likely

WASHINGTON, DC — “U.S. EPA today stood by its plan to cut power plant mercury emissions, reaffirming an earlier conclusion that it made the right decision under the Clean Air Act to regulate releases of the toxic metal and other hazardous air pollutants. That determination ‘is particularly well-founded in light […]

Lizzy Stewart, New York Times
AEP / Coal / Energy / FirstEnergy

After bankruptcies, coal’s dirty legacy lives on

NEW YORK, NY — “The recent bankruptcies of the nation’s leading coal producers are the latest benchmark in the steady decline of the coal industry. The industry’s problems are also hurting consumers, who are being hit by unnecessarily high electric rates approved by regulators to keep open coal-fired power plants […]

Peabody Energy, a coal giant, seeks bankruptcy protection
Coal

Peabody Energy, a coal giant, seeks bankruptcy protection

ST LOUIS, MO — “Peabody Energy, the world’s largest publicly owned coal producer, with mines around the world from Australia to the United States, filed for bankruptcy protection in the United States on Wednesday. The company was weighed down by the collapse of coal prices, increasing competition from natural gas […]

Someone got a sweet deal from utility regulators
AEP / Coal / Energy / FirstEnergy

Someone got a sweet deal from utility regulators

  COLUMBUS — “The Public Utilities Commission of Ohio handed sweet deals to FirstEnergy and American Electric Power on March 31. Or maybe, as defenders of the PUCO rulings claim, the panel handed sweet deals to customers of FirstEnergy (the Illuminating, Ohio Edison and Toledo Edison companies) and American Electric […]