FirstEnergy

FirstEnergy rate plan gets retooled
Coal / Energy / FirstEnergy

FirstEnergy rate plan gets retooled

COLUMBUS — “A scuttled rate plan by FirstEnergy Corp. that would have charged customers possibly $4 billion over the next eight years to subsidize the utility’s economically noncompetitive coal and nuclear power plants has been revised to allow it to create what amounts to a rainy day fund. That fund, […]

Ohio court backs PUCO on pricing
Energy / FirstEnergy

Ohio court backs PUCO on pricing

Effort to set energy rates detoured by FERC decision COLUMBUS — “The Ohio Supreme Court on Wednesday unanimously upheld the method that was used by state regulators to set current rates in the service territory of Toledo Edison parent FirstEnergy Corp. The decision comes as efforts to set rates for […]

FirstEnergy reiterates its reliance on coal alongside green initiatives at annual meeting
Coal / Energy / FirstEnergy

FirstEnergy reiterates its reliance on coal alongside green initiatives at annual meeting

AKRON — “Energy efficiency, renewable energy and retiring coal-burning plants will be key tools as FirstEnergy Corp. moves toward producing cleaner energy, said President and CEO Charles E. Jones. But coal remains a key part of the company’s plans, he said Tuesday in response to a question at the company’s […]

Cathy Cowan Becker looks at electric bill in her Grove City home. Photo: Andy Chow
AEP / Coal / Energy / FirstEnergy

From the power plant to your electric bill: Federal ruling sets stage for big decisions

COLUMBUS — “What Cathy [Cowan Becker] and the 4.7 million other Ohio customers that pay for electricity might not realize yet is that the future of their electric bills and the energy industry are approaching a monumental moment. And a decision from federal regulators regarding coal plants may have set […]

The Davis-Besse nuclear power plant near Oak Harbor does not compete well against new gas-fired power plants, says its owner FirstEnergy. The company convinced the state's regulators to approve an arrangement in which Illuminating Co., Ohio Edison and Toledo Edison customers will pay more to now Davis-Besse turns a profit. That arrangement still faces federal scrutiny.
Coal / Energy / FirstEnergy

Ohio regulators will consider FirstEnergy’s new customer surcharges, expect higher monthly bills

COLUMBUS — “State regulators have opened the door for another round of hearings that could give FirstEnergy a way to have customers indirectly subsidize its old uneconomic power plants. The Public Utilities Commission of Ohio decided Wednesday that it would take another look at the company’s previously approved rate case set […]

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

Critics: New FirstEnergy ‘bailout’ plan ‘would make Houdini blush’

COLUMBUS — “FirstEnergy’s latest attempt to recast its Ohio plan to guarantee income for certain power plants remains fatally flawed in the eyes of challengers and other critics. Rather than let federal regulators scrutinize its proposed power purchase agreement, FirstEnergy now wants to withdraw that part of the plan, which […]

FirstEnergy throws a Hail Mary pass in its scheme to keep aging power plants alive

Coal / Energy / FirstEnergy

FirstEnergy throws a Hail Mary pass in its scheme to keep aging power plants alive


AKRON — “FirstEnergy plugs away in zombie-like fashion at its undying effort to make ratepayers pick up the tab on aging electricity plants whose time has passed. Despite having been delivered a major setback last week by the Federal Energy Regulator Commission, FirstEnergy is scrambling now for an end run […]

Ohio failed to protect customers and markets, so federal regulators came to the rescue
AEP / Energy / FirstEnergy

Ohio failed to protect customers and markets, so federal regulators came to the rescue

COLUMBUS — “The PUCO, by approving the bailouts, abjectly failed to uphold its mission. By stating the subsidies would stabilize prices and protect jobs at these plants, the PUCO tried to justify its decision. Although true, this does not justify saddling customers with $6 billion in above-market costs. Moreover, it […]

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.
Energy / FirstEnergy

FirstEnergy abandons its ‘power purchase agreements,’ but not its plan for customers to pay more

COLUMBUS — “FirstEnergy now wants Ohio regulators to forget about the ‘power purchase agreements’ they approved to save the company’s old power plants — but at the same time allow the company to keep the monthly customer surcharges that the PPAs were designed to produce. In a move that appears to […]

PUCO Chairman Andre Porter
AEP / Energy / FirstEnergy

All eyes on AEP, FirstEnergy with Ohio PPAs in doubt

Companies to seek ‘reregulation’; PUCO Chair Porter resigns COLUMBUS — “On Friday, Andre T. Porter, the chairman of the Public Utilities Commission of Ohio, announced his resignation, little more than a year after taking the position and less than a month after shepherding through the controversial PPAs. Porter’s announcement came two […]