FirstEnergy

FirstEnergy CEO Chuck Jones is poised to remake the company
Coal / Energy / FirstEnergy

FirstEnergy CEO Chuck Jones is poised to remake the company

AKRON — “FirstEnergy has run — not walked — away from its unregulated subsidiary FirstEnergy Solutions, which has owned all of the power plants since 2005. FES now operates conservatively, for example, by not booking orders for every megawatt it is capable of generating, but holding back some in case […]

FirstEnergy Corp. CEO, Anthony Alexander is leaving the company, 43 years after joining Ohio Edison, its predecessor.
Energy / FirstEnergy

FirstEnergy CEO Anthony Alexander leaving the company

AKRON — “Former FirstEnergy top executive Anthony Alexander is leaving the company on April 30, after spending just four months in a newly created position as  “executive chairman.” He will also leave the  FirstEnergy board of directors, effective May 1. …Alexander, 63,  stepped down as CEO on Jan. 1. He […]

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.
AEP / Coal / Duke Energy / Energy / FirstEnergy

Ohio utility “bailouts” could impact capacity market

COLUMBUS — “If some plants will have all costs paid in any case, owners are more likely to offer their megawatts into the capacity auction at lower prices. PJM rules require a minimum price for some new sources of electricity generation. As a general rule, though, existing sources have far […]

American Electric Power says it costs more to produce energy at the Conesville power plant than the utility can recoup on the market. The company is seeking to charge customers a rider to ensure the plant’s viability.
AEP / Duke Energy / Energy / FirstEnergy

Ohio electric utilities seek to push risk to customers

BUCYRUS — “Should Ohio’s electric customers essentially also serve as investors, with the potential gains and losses to follow? That is one of the main questions in front of the Public Utilities Commission of Ohio as it decides whether to allow three of the state’s largest electric utilities to assess […]

About two dozen people showed up near the West Side Market Saturday to draw attention to the public meeting at Cleveland City Hall Tuesday.
Coal / Energy / FirstEnergy

FirstEnergy rate case delayed, but still could be decided before May

COLUMBUS — “If your power is delivered by the Illuminating Co., Ohio Edison or Toledo Edison, you may be paying more by June to help FirstEnergy keep its aging Davis-Besse and W.H. Sammis power plants running. An administrative judge late Wednesday took a biblical approach to extinguish a one-day fight between […]

FirstEnergy’s latest strategy for a bailout is still a bad idea
Coal / Energy / FirstEnergy

FirstEnergy’s latest strategy for a bailout is still a bad idea

CLEVELAND — “I discussed FirstEnergy’s strategy with Ned Hill, noted economist and dean of Cleveland State’s College of Urban Affairs. He described it as building a ‘redistributive coalition,’ which is comprised of a relatively small group of beneficiaries from a collective action who join forces to advocate a self-interested public […]

FirstEnergy has proposed a new rate plan that would help secure the future of the Davis-Besse plant in Oak Harbor, Ohio.
Energy / FirstEnergy

Hearing draws varied crowd on rate plan for Davis-Besse

TOLEDO — “According to Scott Gerfen, Ohio Consumers Counsel spokesman, FirstEnergy has already received billions of dollars for its transition to deregulated power plants under Ohio’s 1999 law that lifted market restrictions. Michael Shields, a researcher for Policy Matters Ohio, said FirstEnergy shouldn’t be rewarded for failing to diversify its […]

Ohioans stand up in force to oppose bailing out old, dirty power plants
AEP / Coal / Duke Energy / Energy / FirstEnergy

Ohioans stand up in force to oppose bailing out old, dirty power plants

CLEVELAND — “Our state and regional leaders should be helping us build a healthy and prosperous future for our families as we transition away from the dirty fuels of the past. They should take advantage of the growing clean energy industry, investing in local economic development and providing programs that […]

Teresa McHugh and Katriel Israel from Ohio Sierra Club and Rachael Belz of Ohio Citizen Action at the PUCO hearing in Cleveland, January 20, 2015.
Coal / Energy / FirstEnergy

FirstEnergy rate plan pummeled during PUCO hearing as 80 demand to testify

CLEVELAND — “A sharply critical crowd of about 200 FirstEnergy customers and critics poured into Cleveland City Council chambers Tuesday night to vent rage about the company’s latest rate proposal, and at times, its actions over the last decade. The five-hour marathon hearing before representatives of the Public Utilities Commission […]

About two dozen people showed up near the West Side Market Saturday to draw attention to the public meeting at Cleveland City Hall Tuesday.
AEP / Coal / Duke Energy / Energy / FirstEnergy

Ohio’s anti-green suicide

COLUMBUS — “Swing state Ohio is plunging ever deeper into the fossil/nuke abyss. Its Public Utilities Commission may soon gouge the public for $3 billion (BILLION!) to subsidize two filthy 50-year-old coal burners and America’s most dangerous nuke. Approval would seal Ohio’s death notice. None of those coal/nuke burners can compete […]