FirstEnergy

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 […]

The Sammis Power plant looms over homes in Stratton, Ohio. Photo Credit: Sierra Club / Colin Scianamblo
FirstEnergy

Ohio lawmakers, concerned about jobs, support FirstEnergy plan

STRATTON — “Two Democratic lawmakers concerned about job losses in their southeast Ohio districts have spoken out in support of a FirstEnergy plan that critics say is an unlawful ‘bailout.’ In letters filed with Ohio regulators this week, state senator Lou Gentile (D-Steubenville) and representative Jack Cera (D-Bellaire) stressed the […]

The Byron nuclear plant in Illinois. 
Photo by
Michael Kappel / Creative Commons
Energy / FirstEnergy

What’s the future of nuclear in the Midwest? A state-by-state look

ST PAUL, MN — “Nuclear power was born in the Midwest, and helped fuel the region’s once-vibrant manufacturing sector for decades. But the Midwest’s cheap power prices and, in some states, deregulated markets make it hard for nuclear to compete with cheaper natural gas and renewables… Ohio FirstEnergy Corp.’s generation […]

Pleasants Power Station is located in 
Willow Island, West Virginia, along 
the Ohio River.
Coal / Energy / FirstEnergy

FirstEnergy loses $1.1B, may sell Pleasants plant to MonPower

CHARLESTON, WV— “After announcing a quarterly loss of $1.1 billion because of the future closures of two uncompetitive coal-fired power plants in Ohio, FirstEnergy says it will seek to “de-risk” by pushing plants onto electricity customers in states like West Virginia. Charles Jones, CEO of FirstEnergy, the parent company of […]

FirstEnergy recently announced the closure of four units at the W.H. Sammis power plant.
Coal / Energy / FirstEnergy

As FirstEnergy announces closures, ‘bailout’ request keeps growing

COLUMBUS — “Despite announcing the closure of four units at an Ohio coal plant it initially sought to protect, the amount of money FirstEnergy could recover from customers in new charges has now ballooned to more than $8 billion, according to a recent filing. FirstEnergy still wants a non-bypassable charge […]

PUCO hears 3rd rate plan testimony
Coal / Energy / FirstEnergy

PUCO hears 3rd rate plan testimony

FirstEnergy is opposed to idea COLUMBUS — “Testimony is moving forward on a rate plan by the Public Utilities Commission of Ohio that would have customers pay FirstEnergy Corp. $393 million, and maybe more, to shore up the utility’s credit rating. The plan is the third proposal in a rate […]

FirstEnergy coal retirements likely part of broader merchant shift, potential sale
Coal / Energy / FirstEnergy

FirstEnergy coal retirements likely part of broader merchant shift, potential sale

AKRON — “FirstEnergy Corp.‘s decision to abandon more than 850 MW of coal-fired capacity in Ohio, including four units at its 2,210-MW W.H. Sammis coal plant, could be part of a broader strategic shift around its merchant business. ‘They’re looking to cut costs and they’re looking at shutting down assets,’ […]

FirstEnergy to shut down or sell several coal-fired units in Ohio
Coal / Energy / FirstEnergy

FirstEnergy to shut down or sell several coal-fired units in Ohio

AKRON — “FirstEnergy said it will complete its closure or sale of the Bay Shore unit by October 2020 and will shut down the Sammis units in May 2020. The company had been hoping to get some subsidies for its older coal-fired power plants from the Public Utilities Commission of […]

FirstEnergy will retire or sell 836 MW of fossil generation
Coal / Energy / FirstEnergy

FirstEnergy will retire or sell 836 MW of fossil generation

COLUMBUS — “In nearly two years of debate at the Public Utilities Commission of Ohio, FirstEnergy and its utility colleagues told regulators that Sammis and other aging baseload would be essential in preserving reliability and preventing an over-reliance on natural gas. PUCO approved eight-year power purchase agreements last year for […]

Sandy Buchanan, executive director of the Institute for Energy Economics and Financial Analysisng,has worked on a variety of energy issues involving coal, nuclear, utilities, renewables, and energy efficiency since the 1980s. She served as executive director of Ohio Citizen Action for 20 years before joining IEEFA in 2013.
Energy / FirstEnergy

IEEFA Cleveland: The Lights Are on but the Bills Are Too Damn High

CLEVELAND — “On the private utility side, as IEEFA has documented in a series of reports, FirstEnergy has made a string of corporate decisions to keep rates high, even after Ohio deregulated electricity in 2000 in hopes of encouraging competition. FirstEnergy sought and received a $6.9 billion bailout, approved by […]