FirstEnergy

FirstEnergy could make millions in profits from its energy efficiency plan
Energy / FirstEnergy

FirstEnergy could make millions in profits from its energy efficiency plan

COLUMBUS — “Critics say FirstEnergy’s plan to resume its energy efficiency programs in Ohio could let the company take credit for work done by others and make millions of dollars as a result — at customers’ expense. The utilities’ plan to count those efforts ‘does not produce energy or cost […]

Columbus-based AEP is one of the country's biggest electric providers
AEP / Coal / Energy / FirstEnergy

With AEP deal, private equity continues gobbling up utility plants

Blackstone and ArcLight’s purchase of four midwestern power plants from AEP is just the latest in a recent trend NEW YORK, NY — “Private equity has become the go-to buyer for power plants. Most recently American Electric Power agreed to sell four plants totaling 5,200 MW to a joint venture […]

Ohio’s energy future cloudy at best, storms likely
AEP / Energy / FirstEnergy / Freeze on Clean Energy

Ohio’s energy future cloudy at best, storms likely

AKRON — “The uncertain future of the state’s energy laws and policies hung over the 11th annual Energy Management Conference Tuesday like an approaching  storm. Conflicting presentations made it clear that lawmakers, utilities and regulators themselves sense that changes — or at least proposals for changes —  are likely to […]

The Davis Besse nuclear plant is among those covered by a proposed FirstEnergy settlement. 
Photo by Marc Haserodt / Creative Commons
AEP / Coal / Energy / FirstEnergy

Report: ‘Around market’ moves by Ohio utilities are part of larger trend

COLUMBUS — “Efforts by Ohio utilities to guarantee income for affiliated coal and nuclear operations are part of a broader trend, according to a new report by legal analysts. Starting in 2014, FirstEnergy, American Electric Power (AEP) and other companies sought to impose added fees on all customers of their […]

Parent company FirstEnergy says all Davis-Besse’s safety systems worked efficiently. Photo credit: The Blade
Energy / FirstEnergy

Davis-Besse to stay idle a few days due to leak

OAK HARBOR — “FirstEnergy Corp. said Monday it expects its Davis-Besse nuclear plant to remain idle for at least a few more days as the utility tries to figure out how rainwater entered the plant’s turbine building during a heavy storm early Saturday. Without going into specifics, the company also […]

Julie Sloat, president of American Electric Power.
AEP / Energy / FirstEnergy

AEP still working on Ohio restructuring, needs FirstEnergy’s help

COLUMBUS — “AEP Ohio continues to hold discussions with legislators and stakeholders around its restructuring (don’t call it re-regulation) of Ohio’s electricity market, but it’s still working on garnering support from the state’s other utilities. The electric utility in July said it wants to know by the first quarter of […]

FirstEnergy had a rough first three quarters in 2015, but finished the year, overall strong. (Courtesy of FirstEnergy)
Coal / Energy / FirstEnergy

Consumers’ Counsel says FE rates illegal, asks Supreme Court to toss them out

COLUMBUS — “Consumers who thought federal authorities had saved them from a FirstEnergy surcharge to subsidize two of the company’s old power plants should think again, says the state’s consumer watchdog. The Ohio Consumers’ Counsel points out in an appeal it filed with the Ohio Supreme Court this week that […]

FirstEnergy should not get something for nothing from its customers: editorial
Energy / FirstEnergy

FirstEnergy should not get something for nothing from its customers: editorial

CLEVELAND — “Currently before the Public Utilities Commission of Ohio is FirstEnergy’s latest bid for ratepayer help: an eight-year “financial hedge” request the company says is supported by the same coalition of low-income, manufacturing, municipal and other customer groups that backed an earlier power purchase deal the PUCO approved in March. (Federal regulators […]

First Energy employees Hank Boka and Doug Colafella inspect the W.H. Sammis power plant in Ohio.
(Photo: Mark Drajem/Bloomberg)
Coal / Energy / FirstEnergy

FirstEnergy says its headquarters is worth $568 million to Ohio

Utility asks regulators for surcharge for benefits to Akron AKRON — “FirstEnergy Corp., Ohio’s homegrown utility with roots in the state that date to 1930, wants its customers to pay to ensure it stays there. In the latest twist in a two-year battle for aid, the company has asked regulators […]

FirstEnergy headquarters in Akron.
Coal / Energy / FirstEnergy

FirstEnergy piles insult onto billions of dollars in injury by threatening to move its headquarters from Akron

CLEVELAND — “You have to hand it FirstEnergy, however, for its daring. The company, battered over the past few years by the results of its own bad management decisions, today is shamelessly making a of mockery of traditional—and fair—utility regulation in what it is pushing for from the Public Utility […]