FirstEnergy

Northeast Ohio consumers to get more clean energy under new aggregation deal
Energy / FirstEnergy

Northeast Ohio consumers to get more clean energy under new aggregation deal

CLEVELAND — “A new deal for roughly half a million ratepayers in Northeast Ohio will provide more clean energy in the wake of FirstEnergy’s decision to back out of a community aggregation agreement. Starting in January, the new arrangement between the Northeast Ohio Public Energy Council and NextEra Ohio Services calls […]

Deregulation shaved $15 billion from Ohio electric bills, lawmakers to meet Friday to re-regulate
AEP / Energy / FirstEnergy / Ohio Utility Bailouts

Deregulation shaved $15 billion from Ohio electric bills, lawmakers to meet Friday to re-regulate

CLEVELAND, Ohio — Consumers, businesses and industries saved $15 billion on electricity between 2011 and last year and are on course to save the same amount by 2020, the Northeast Ohio Public Energy Council, or NOPEC, said today. The claim is based on joint research and statistical analysis completed for […]

FirstEnergy’s Davis-Besse nuclear power plant near Toledo is one of the plants included in the company's power purchase agreement proposal, which is scheduled to be heard next week as part of a broader plan.
Energy / FirstEnergy

Nuclear industry looks to reshape image

It can help meet carbon reduction goals but can’t compete on cost TOLEDO — “Crippled by a historic, game-changing fracking revolution that has imploded energy markets across the world, the U.S. nuclear industry is trying harder than ever to market itself as an irreplaceable ally in the war against climate […]

The Northeast Ohio Public Energy Council, or NOPEC, has negotiated a contract with a NextEra Energy wholesale power company to supply about 500,0000 Northeast Ohio electric customers in 13 counties. NextEra, based in Florida, will replace FirstEnergy Solutions on Jan. 1. NOPEC is a consortium of more than 100 communities. (credit: Plain Dealer file)
FirstEnergy / Utilities

NOPEC signs three-year discount power deal with NextEra Energy

SOLON — “The Northeast Ohio Public Energy Council, or NOPEC, has approved a three year contract with NextEra Energy Services Ohio, a subsidiary of Florida-based NextEra Energy Resources, to supply power to some 500,000 Northeast Ohio consumers and small businesses. NOPEC made this decision 10 days after current supplier FirstEnergy […]

FirstEnergy could sell or close additional boilers at its last coal-fired power plant in Ohio, the W.H. Sammis plant on the Ohio River, if it cannot persuade the state to return to regulating electric companies and setting power prices. The company's old coal and nuclear power plants cannot always make power as cheaply as new gas-fired plants, which are now dominating wholesale market prices. (credit: Plain Dealer file)
FirstEnergy / Utilities

FirstEnergy to sell or close power plants if Ohio, Pennsylvania do not return to regulated rates

CLEVELAND — “FirstEnergy has decided to get out of the competitive electricity business, and will sell or close its big coal and nuclear power plants within 18 months unless Ohio and Pennsylvania return to regulating them and setting prices or create a regulation-like structure for them. ‘We are not going […]

FirstEnergy, on thin ice, walks away from a half million Ohio households in hopes of saving itself
Energy / FirstEnergy

FirstEnergy, on thin ice, walks away from a half million Ohio households in hopes of saving itself

A break with the Northeast Ohio Public Energy Council is the latest sign, among many, that a poorly run utility is on the ropes CLEVELAND — “FirstEnergy’s financial tailspin took a spectacular turn late last month when the company abruptly cancelled the three remaining years of a nine-year contract to […]

FirstEnergy joining AEP push to pull back on open market in Ohio
AMP / Energy / FirstEnergy

FirstEnergy joining AEP push to pull back on open market in Ohio

COLUMBUS — “Akron-based FirstEnergy Corp. says it will work the Ohio legislature to regulate its power plants, something its Columbus counterpart has been working on since July. … FirstEnergy (NYSE:FE) will begin its lobbying this week after the election. AEP and FirstEnergy are the two biggest electric utilities in the […]

Crews install new LED lighting in the sign at FirstEnergy's Akron headquarters. Photo By FirstEnergy / Creative Commons
Energy / FirstEnergy

FirstEnergy says strategic options include sale of 13 power plants

AKRON — “FirstEnergy Corp. is undertaking a ‘strategic review’ of its competitive generation business that could lead to selling off as many as 13 power plants, including its three nuclear plants, where nearly 3,000 people work, its chief executive officer said Friday. ‘The fact is, competitive generation is weighing down […]

FirstEnergy speeds up plan to shed power plants
Coal / Energy / FirstEnergy

FirstEnergy speeds up plan to shed power plants

AKRON — “Akron-based FirstEnergy Corp. revealed on Friday an accelerated effort to separate its profitable utility businesses from its troubled competitive generation side, promising to be a fully regulated company within 18 months. That means that its six Pennsylvania power plants, which employ more than 1,000 people, are either headed […]

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

FirstEnergy hopes to move its power plants back under regulated rates, customer prices could increase

AKRON — “FirstEnergy Corp. plans to begin lobbying Ohio lawmakers and regulators as early as next week to make it possible for the company to move its power plants back under regulation — with rates set by the state rather than competition. …Trade publications and analysts’ notes to investors in recent […]