FirstEnergy

FirstEnergy takes on Dynegy in unusual Twitter battle
Energy / FirstEnergy

FirstEnergy takes on Dynegy in unusual Twitter battle

COLUMBUS — “Rarely does social media creep into the staid energy industry, aside from attacks from environmentalists. Alas, in Ohio at least, FirstEnergy Corp. has changed that. Last week the Akron utility began tweeting insults at Dynegy Inc., the most outspoken member of the Alliance for Energy Choice, a group […]

Sign the petition to stop the bailout
Energy / FirstEnergy

Sign the petition to stop the bailout

First Energy, American Electric Power and Duke Energy have submitted plans to the Public Utilities Commission of Ohio (PUCO) for financial bailouts of some of their most outdated and expensive coal plants. They want to force us to buy the power from these old expensive plants for the next 15 […]

(Photo by Carlos Lowry via Creative Commons)
Energy / FirstEnergy

Report: FirstEnergy profit guarantee would cost consumers billions

COLUMBUS — “…the PUCO hearing did include testimony from parties that say FirstEnergy’s forecast likely is incorrect. This includes the Office of the Ohio Consumers’ Counsel, which commissioned its own study showing that consumers would see their costs increase the same amount shown in this new report, $4 billion. The […]

Study: FirstEnergy’s Ohio plan would cost ratepayers $4 billion
Energy / FirstEnergy

Study: FirstEnergy’s Ohio plan would cost ratepayers $4 billion

 Proposal aims to protect company shareholders and outdated plants CLEVELAND — “A proposal by Akron-based FirstEnergy Corp. to keep four aging electricity generation plants alive will cost ratepayers in Ohio almost $4 billion through 2024, a new study by the Institute for Energy Economics and Financial Analysis concludes. The report,A […]

AEP / Coal / Energy / FirstEnergy

Foes of utility profit guarantees brew up ad campaign

COLUMBUS — “An overpriced cup of coffee is being used to illustrate a complex utility-regulation issue in a new television ad by a group that opposes profit guarantees for American Electric Power and FirstEnergy. The ad serves as the launch of a campaign sponsored by the Alliance for Energy Choice, […]

AEP / Energy / FirstEnergy / Freeze on Clean Energy

Renewable energy charges to show up on AEP bills

COLUMBUS — “American Electric Power Company Inc. customers will soon see the costs of renewable energy and energy efficiency programs on their bills. An Ohio law that froze the state’s alternative energy standards included a requirement that power companies include the cost of such programs on customers’ bills. Ratepayers have […]

AEP and FirstEnergy say the guarantees are needed to maintain a reliable power grid.
AEP / Energy / FirstEnergy

Power-grid operator concerned about profit guarantees for plants

COLUMBUS — “The operator of Ohio’s electricity grid has some big concerns about profit-guarantee proposals for American Electric Power and FirstEnergy, but is treading carefully in its comments. PJM Interconnection filed a brief on the AEP proposal on Monday, urging Ohio utility regulators to be aware of that subsidizing one […]

Davis-Besse to be at full power later this week
Energy / FirstEnergy

Davis-Besse to be at full power later this week

Fuse failure led to shutdown Friday OAK HARBOR — “FirstEnergy Corp. expects its Davis-Besse nuclear plant to be back at full power later this week. A fuse failure in a monitoring system automatically shut down the reactor Friday afternoon, idling the plant over the weekend. By early Monday morning, according […]

Ohio voters against FirstEnergy, AEP power deals, worry about utility bills
AEP / Energy / FirstEnergy

Ohio voters against FirstEnergy, AEP power deals, worry about utility bills

COLUMBUS — “Huge majorities of Ohio voters are adamantly opposed to paying higher monthly electric bills bankrolling FirstEnergy and American Electric Power power plants, newly released polling shows. …Ohio AARP and the newly formed Alliance for Energy Choice jointly issued findings from separate polls Friday revealing the depth of consumer concerns […]

Critics call FirstEnergy profit guarantee a corporate rescue mission
Energy / FirstEnergy

Critics call FirstEnergy profit guarantee a corporate rescue mission

COLUMBUS — “Adding the company’s urgency was a deadline of sorts. FirstEnergy wanted to be able to show financial progress in Ohio by the end of 2015 to help avoid a bond-rating downgrade from Moody’s Investors Service. On Dec. 1, FirstEnergy announced that it has reached agreement on a compromise […]