AEP

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 […]

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WASHINGTON, DC — “FERC late Wednesday rescinded waivers it granted American Electric Power and FirstEnergy, meaning the controversial purchase power agreements approved by Ohio regulators will be subject to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

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 […]

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 […]

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 […]

AEP used the Sierra Club's logo in a TV advertisement it produced to garner support for the proposal, and the Sierra Club urged its backers to write letters of support for the plan.
AEP / Coal / Energy

Sierra Club ‘sold out’ by cooperating with AEP, Dynegy CEO says

COLUMBUS — “The Sierra Club betrayed its principles when it dropped its once-fervent opposition to an income-guarantee plan from American Electric Power Company Inc., a rival power company CEO says. The well-known environmental group had played a major role in the campaign to stop the power purchase agreements sought by […]