FirstEnergy

FirstEnergy recently announced the closure of four units at the W.H. Sammis power plant.
Coal / Energy / FirstEnergy

As FirstEnergy announces closures, ‘bailout’ request keeps growing

COLUMBUS — “Despite announcing the closure of four units at an Ohio coal plant it initially sought to protect, the amount of money FirstEnergy could recover from customers in new charges has now ballooned to more than $8 billion, according to a recent filing. FirstEnergy still wants a non-bypassable charge […]

PUCO hears 3rd rate plan testimony
Coal / Energy / FirstEnergy

PUCO hears 3rd rate plan testimony

FirstEnergy is opposed to idea COLUMBUS — “Testimony is moving forward on a rate plan by the Public Utilities Commission of Ohio that would have customers pay FirstEnergy Corp. $393 million, and maybe more, to shore up the utility’s credit rating. The plan is the third proposal in a rate […]

FirstEnergy coal retirements likely part of broader merchant shift, potential sale
Coal / Energy / FirstEnergy

FirstEnergy coal retirements likely part of broader merchant shift, potential sale

AKRON — “FirstEnergy Corp.‘s decision to abandon more than 850 MW of coal-fired capacity in Ohio, including four units at its 2,210-MW W.H. Sammis coal plant, could be part of a broader strategic shift around its merchant business. ‘They’re looking to cut costs and they’re looking at shutting down assets,’ […]

FirstEnergy to shut down or sell several coal-fired units in Ohio
Coal / Energy / FirstEnergy

FirstEnergy to shut down or sell several coal-fired units in Ohio

AKRON — “FirstEnergy said it will complete its closure or sale of the Bay Shore unit by October 2020 and will shut down the Sammis units in May 2020. The company had been hoping to get some subsidies for its older coal-fired power plants from the Public Utilities Commission of […]

FirstEnergy will retire or sell 836 MW of fossil generation
Coal / Energy / FirstEnergy

FirstEnergy will retire or sell 836 MW of fossil generation

COLUMBUS — “In nearly two years of debate at the Public Utilities Commission of Ohio, FirstEnergy and its utility colleagues told regulators that Sammis and other aging baseload would be essential in preserving reliability and preventing an over-reliance on natural gas. PUCO approved eight-year power purchase agreements last year for […]

Sandy Buchanan, executive director of the Institute for Energy Economics and Financial Analysisng,has worked on a variety of energy issues involving coal, nuclear, utilities, renewables, and energy efficiency since the 1980s. She served as executive director of Ohio Citizen Action for 20 years before joining IEEFA in 2013.
Energy / FirstEnergy

IEEFA Cleveland: The Lights Are on but the Bills Are Too Damn High

CLEVELAND — “On the private utility side, as IEEFA has documented in a series of reports, FirstEnergy has made a string of corporate decisions to keep rates high, even after Ohio deregulated electricity in 2000 in hopes of encouraging competition. FirstEnergy sought and received a $6.9 billion bailout, approved by […]

Dick Munson is Environmental Defense Fund's Director, Midwest Clean Energy.
Coal / Energy / FirstEnergy

Ohio regulators attempt to keep FirstEnergy afloat with new subsidy proposal

COLUMBUS —My head feels whipsawed by the wildly changing proposals to bail out FirstEnergy’s uneconomic and dirty power plants. The latest development in this ongoing saga occurred June 29, when the Public Utility Commission of Ohio (PUCO) staff recommended a new subsidy solution for the utility behemoth: $131 million per […]

FirstEnergy’s Davis Besse Power Plant Source: Wikimedia
Coal / Energy / FirstEnergy

PUCO staff recommends $131M annual rider for FirstEnergy

Needed to maintain investment-grade credit rating, staff says; Critics object COLUMBUS — “The Public Utilities Commission of Ohio staff has proposed a new rider for FirstEnergy that would allow the recovery of $131 million annually from ratepayers for three to five years in order to maintain the company’s investment-grade credit […]

Use PicMyEnergy Mix to show the energy sources YOU prefer
AEP / Coal / Duke Energy / Energy / FirstEnergy / PicMyEnergy Mix

Use PicMyEnergy Mix to show the energy sources YOU prefer

CLEVELAND — When you buy a product or service you can mostly get what you want, right? For instance, with a new car purchase you can prioritize things like gas mileage, safety or other features in accordance with your values and needs. Now what about your home’s electricity — is […]

FirstEnergy is rebuilding its system of high-voltage transmission lines and could spend up to $15 billion on upgrades in the next few years. The company owns 24,000 miles of high-voltage power lines.
Energy / FirstEnergy

FirstEnergy sees $15 billion in power line upgrades, for which you will pay

AKRON — “FirstEnergy believes rebuilding its high-voltage transmission system is the best strategy for growth and future profits. The company is currently in the third year of a $4.2 billion renovation of portions of the grid in Ohio and Pennsylvania and expects to complete the upgrades by next year, James Pearson, […]