FirstEnergy

FirstEnergy Corp.'s independent power supplier FirstEnergy Solutions is trying to end its contract with the Northeast Ohio Public Energy Council, or NOPEC. The two are in court today over the company's sudden decision to end its relationship with NOPEC. Customers would lose the NOPEC 6 percent discount in January but not electricity, which Ohio Edison and the Illuminating Co. would continue to supply. (FirstEnergy)
FirstEnergy / Utilities

FirstEnergy, NOPEC locked in court battle; 500,000 customers will be affected

AKRON — “The sweetheart marriage that FirstEnergy Solutions Corp. offered the Northeast Ohio Public Energy Council six years ago has soured, and today NOPEC and the power supplier are at one another’s throats. The parties are battling before Summit County Common Pleas Court Judge Tammy O’Brien over fallout from failed negotiations to change their […]

FirstEnergy Solutions, the unregulated subsidiary of FirstEnergy Corp. and NOPEC are mired in a contract dispute that neither side is prepared to explain, though it appears to involve falling wholesale prices and the consumer price discounts NOPEC negotiated. (FirstEnergy Corp.) (FirstEnergy Corp. )
FirstEnergy

FirstEnergy Solutions cancels NOPEC contract serving 500,000

AKRON — “FirstEnergy Solutions does not intend to supply power after the end of the year to some 500,000 customers in 12 counties who are represented by the Northeast Ohio Public Energy Council. In a dispute that FES claims involves payments directly to NOPEC, the company on Friday announced it […]

FirstEnergy Corp. employs more than 1,300 people in Akron.
FirstEnergy / Ohio Utility Bailouts

FirstEnergy must cut costs to avoid credit downgrade

AKRON — “Chuck Jones needs to find about $200 million. That’s roughly the amount that Jones, CEO of Akron-based FirstEnergy Corp., says he needs to find in cost savings to preserve his company’s credit rating — and ultimately to stay independent. It will mean cuts to FirstEnergy’s expenses. That includes […]

Editorial: Ohio deserves better
Commentary / FirstEnergy / Ohio Utility Bailouts

Editorial: Ohio deserves better

TOLEDO — “At first glance, it appears that the Public Utilities Commission of Ohio put its proverbial foot down when it rejected FirstEnergy Corp.’s request for funding to improve its power grid. But closer scrutiny reveals that the utility seems to have been handed a ‘cash grab’ and no requirement […]

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

FirstEnergy ‘bailout’ raises questions of corporate separation

COLUMBUS — “A new charge ordered by Ohio regulators last week could add up to $1 billion into FirstEnergy’s coffers without requiring the company to do any specific work in return. While the company says the order is ‘disappointing’ and will provide ‘insufficient’ funds, competitors and advocates call it a […]

FirstEnergy in Ohio
FirstEnergy / Ohio Utility Bailouts

IEEFA Ohio: FirstEnergy bailout plan is paying off (for FirstEnergy)

Ohio regulator nod on $600 to $1 billion in ratepayer subsidies presages a similar campaign in West Virginia COLUMBUS — “The Public Utility Commission of Ohio this week gave FirstEnergy a much smaller bailout than the company wanted. But it’s still a bailout. We expect opponents—including consumer and environmental organizations, […]

Ohio PUC rejects FirstEnergy virtual power deals
FirstEnergy / Ohio Utility Bailouts

Ohio PUC rejects FirstEnergy virtual power deals

No one cheers for alternative: $600 million over 3 years COLUMBUS — “The PUC of Ohio rejected First Energy’s ‘virtual’ power purchase agreement (PPA) proposal yesterday, but approved staff’s proposal to pay the firm $600 million over three years to shore up its financial health. The amount is less than […]

The Davis-Besse nuclear power plant might not survive, says FirstEnergy, unless its gets special treatment from the PUCO.
Coal / Energy / FirstEnergy / Ohio Utility Bailouts

PUCO gives FirstEnergy up to $200 million in surcharges a year for three years, and chance to extend increases an additional 2 years

COLUMBUS — “In a unanimous decision today, the Public Utilities Commission of Ohio approved a $204 million-a-year rate increase for FirstEnergy despite the objections of consumer groups, environmentalist and business customers. The initial increase will run for three years, with an option for the the company to ask for another […]

FirstEnergy's downtown Akron headquarters.
Energy / FirstEnergy / Ohio Utility Bailouts

FirstEnergy Corp. gets a bailout, but not the one it was hoping for

COLUMBUS — “Sometimes, “no” is better than ‘nothing,’ and that’s likely the case with the Public Utilities Commission of Ohio’s Oct. 12 ruling on Akron-based FirstEnergy Corp.‘s request for subsidies of its old coal-fired plants in Ohio. The PUCO rejected FirstEnergy’s request for a ‘retail rate stability rider’ that would […]

FirstEnergy could make millions in profits from its energy efficiency plan
Energy / FirstEnergy

FirstEnergy could make millions in profits from its energy efficiency plan

COLUMBUS — “Critics say FirstEnergy’s plan to resume its energy efficiency programs in Ohio could let the company take credit for work done by others and make millions of dollars as a result — at customers’ expense. The utilities’ plan to count those efforts ‘does not produce energy or cost […]