FirstEnergy

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 […]

Federal challenges could sink Ohio utilities’ income guarantee plans
AEP / Coal / Energy / FirstEnergy

Federal challenges could sink Ohio utilities’ income guarantee plans

WASHINGTON, DC — “New court cases and filings with the Federal Energy Regulatory Commission could derail FirstEnergy and American Electric Power’s plans to guarantee sales to affiliated power plants, even if Ohio regulators approve the deals. On January 27, the Office of the Ohio Consumers’ Counsel joined with competing electric […]

FirstEnergy & AEP power deals violate FERC rules, say competitors, Consumers’ Counsel agrees
AEP / Coal / Energy / FirstEnergy

FirstEnergy & AEP power deals violate FERC rules, say competitors, Consumers’ Counsel agrees

COLUMBUS — “The Consumers’ Counsel complaint also argued that if the FERC reviews the deals as the independents are asking it to do, the federal commission would find the cozy in-house agreements do not meet the competitive standards the commission established in previous cases. And the Consumers’ Counsel included a […]

(Source: Nuclear Regulatory Commission)
Energy / FirstEnergy

Davis-Besse’s forgotten fix

Disaster by design CAMBRIDGE, MA — “The Davis-Besse nuclear plant near Oak Harbor, Ohio is probably best known for a small leak of borated water from the reactor vessel between 1996 and 2002 that corroded six inches of the vessel’s head exposing its stainless steel liner. That quarter-inch thick liner […]

Bill Ridmann, FirstEnergy Vice President of Rates and Regulatory Affairs
Coal / Energy / FirstEnergy

PUCO finishes hearings on utilities’ coal plant income gaurantee

COLUMBUS — “Hearings have ended and now it’s up to state regulators to decide if the so-called coal plant bailout for two electric utilities should be approved. FirstEnergy and AEP say adding a charge to customers’ monthly bills in order to guarantee income for struggling coal plants will stabilize costs and ensure […]