FirstEnergy

Consumer groups maintain rate increase cases and power purchase agreements filed by the utilities are muddying the waters of Ohio's energy market.
AEP / Dayton Power & Light / Duke Energy / Energy / FirstEnergy

Lower Ohio electric rates based on federal tax cut won’t be easy or quick

CLEVELAND — “Don’t plan on lower electric bills anytime soon reflecting the fat tax cut Ohio’s electric utilities are already enjoying. FirstEnergy, American Electric Power, Duke Energy and Dayton Power & Light have made it clear to the PUCO that passing on their windfall tax break from 35 percent to […]

FirstEnergy is about to ask Ohio lawmakers to create new regulations awarding "zero emission credits," or ZECs, to its nuclear power plants, Davis-Besse east of Toledo and Perry east of Cleveland, in recognition that they do not contribute to air pollution. The ZECs would increase customer bills. The plan is sure to be challenged in federal court because it would subsidize the nukes which are supposed to be operating in a competitive market.
Energy / FirstEnergy

FirstEnergy executive: Davis-Besse plant headed for premature closure

OAK HARBOR — “A FirstEnergy Corp. executive confirmed Thursday what many people have feared for months: The utility’s Davis-Besse nuclear plant is headed for a premature closing. The outlook for FirstEnergy’s coal-fired power plants and its other nuclear plants — its twin-reactor Beaver Valley nuclear plant west of Pittsburgh and […]

$43 million in FirstEnergy overcharges can’t be refunded, says top court
Energy / FirstEnergy

$43 million in FirstEnergy overcharges can’t be refunded, says top court

CLEVELAND — “Consumers won’t see $5 reductions in monthly FirstEnergy electric bills as state regulators, the Ohio Consumers’ Counsel and environmental groups had hoped. The Ohio Supreme Court today ruled that FirstEnergy does not have to refund $43.4 million it collected from customers to pay for the most expensive Renewable Energy […]

The Davis-Besse nuclear power plant near Oak Harbor.
Energy / FirstEnergy

Davis-Besse, Perry nuclear plants could close as FirstEnergy inks deal with hedge funds

CLEVELAND – Four high-powered private investor groups have agreed to sink nearly $2.5 billion into FirstEnergy for 18 months in exchange for helping the company shed its money-losing power plants, or get them returned to regulation and protection from competition. FirstEnergy Solutions owns the Davis-Besse, Perry nuclear power plants in […]

PUCO, FirstEnergy’s common goal: a better grid
Energy / FirstEnergy

PUCO, FirstEnergy’s common goal: a better grid

AKRON — “The Public Utilities Commission of Ohio and Akron-based FirstEnergy Corp. appear to want the same thing: the development of a smarter, more reliable electricity grid in Ohio that likely will cost hundreds of millions of dollars but should make the state more attractive to business and provide better electric service for all. Not […]

FirstEnergy wants to raise rates by 2 percent for grid upgrades
FirstEnergy / Utilities

FirstEnergy wants to raise rates by 2 percent for grid upgrades

COLUMBUS — “FirstEnergy wants to increase electricity rates by up to 2 percent for three years to make some $450 million in improvements to the grid. Any increase in electric bills would require approval by the Public Utilities Commission of Ohio. The utility hopes the commission will OK the proposal by May, […]

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

Ohio needs a clean energy future, not a no-strings-attached bailout

AKRON — “It’s understandable that FirstEnergy’s hometown newspaper, the Akron Beacon Journal, supports its own utility monopoly. Yet justifying that support and advocating for FirstEnergy’s proposed nuclear bailout on environmental grounds is a surprise…and misdirected. FirstEnergy’s proposal merely is yet another attempt to force customers to prop up its uneconomic power plants. […]

The Davis-Besse nuclear power plant would survive under a U.S. Department of Energy plan to allow plant owner FirstEnergy to sell power into competitive wholesale markets at what it cost to make. The markets now focus on the lowest priced power, a practice that has lowered customer power prices but hurt the owner of large coal and nuclear plants, which cannot compete in today's markets. (Plain Dealer file )
Coal / Energy / FirstEnergy / Nuclear Energy

Subsidizing coal and nuclear power plants would not be legal, says PJM

CLEVELAND — “The independent company that manages competitive wholesale power markets in Ohio and 12 other states believes a federal proposal to subsidize the owners of old nuclear and coal plants is unworkable and would not even be legal. The U.S. Department of Energy proposal ‘is simply unworkable,’ said Andrew Ott, […]

Saving coal, nuclear plants pits FirstEnergy against PUCO before federal regulators
Energy / FirstEnergy / Nuclear Energy

Saving coal, nuclear plants pits FirstEnergy against PUCO before federal regulators

CLEVELAND — The Public Utilities Commission of Ohio (PUCO) will oppose a federal initiative aimed at coming up with a quick fix to the competitive problems of old coal and nuclear plants owned by FirstEnergy and other traditional utilities. PUCO on Friday voted to urge the Federal Energy Regulatory Commission to reject […]

FirstEnergy nuclear charges still before lawmakers, opponents fight earlier increases at Supreme Court
Energy / FirstEnergy / Nuclear Energy

FirstEnergy nuclear charges still before lawmakers, opponents fight earlier increases at Supreme Court

CLEVELAND — “FirstEnergy’s legislative supporters have introduced a new bill in the Ohio House that would create special customer charges to subsidize the company’s nuclear power plants because they cannot compete with new ultra-efficient gas turbine power plants. House Bill 381 would cost customers less than an earlier proposal — […]