FirstEnergy

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 […]

FirstEnergy Corp. wants its customers to guarantee profitability of its largest coal-fired power plant in Ohio for the next 15 years. The company argues that after the first three years, Sammis would actually make money for customers because wholesale prices would increase. Critics disagree.
Coal / Energy / FirstEnergy

As hearings conclude, FirstEnergy subsidy proposal remains in doubt

FirstEnergy says it wants to preserve Ohio jobs, but critics say its proposal would upend state and regional power markets COLUMBUS — “On the table is an eight-year settlement designed to keep two power plants operating: the Davis-Besse Nuclear Power Station in Oak Harbor and the W.H. Sammis coal-fired plant […]

FirstEnergy just asks for too much
Energy / FirstEnergy

FirstEnergy just asks for too much

AKRON — “From afar, FirstEnergy makes more easily the villain. Up close, it gets more complicated, those of us in Akron, especially, aware of the many civic endeavors the power company supports, not to mention its 2,500 employees in Summit County, many at the headquarters downtown. Are the good deeds […]

FirstEnergy proposed deal means regulation not working, state power companies in “death spiral,” says consumer watchdog board
AEP / Energy / FirstEnergy

FirstEnergy proposed deal means regulation not working, state power companies in “death spiral,” says consumer watchdog board

COLUMBUS — “The unprecedented efforts initiated by FirstEnergy and followed by American Electric Power to have customers temporarily subsidize power plants that they say can’t compete have led to calls for reform. The governing board of the Ohio Consumers’ Counsel has released its analysis of the malaise gripping Ohio policy […]

AEP's Gavin Plant in Ohio: Ratepayer advocates are calling on the state legislature to convene a task force looking into high electric rates across the state.
AEP / Energy / FirstEnergy

Ratepayer advocates say ‘everyone is unhappy’ with Ohio electric market

‘Something is really off here’ COLUMBUS — “’Everyone is unhappy’ with the state of the electric industry in Ohio, according to a report issued Tuesday night by the state agency charged with protecting the interests of Ohio electric consumers. Noting that a majority of states have lower electric rates, the […]

Power company CEOs lobby legislators to fight AEP and FirstEnergy income guarantees
AEP / Coal / Energy / FirstEnergy

Power company CEOs lobby legislators to fight AEP and FirstEnergy income guarantees

COLUMBUS — “Ohio regulators are expected to rule on the plans in the coming months, which AEP and FirstEnergy say would ensure power reliability and their continued ownership of the power plants at issue. Kasich, who is enjoying an increase in New Hampshire’s presidential polls, said recently that Ohioans deserve […]

In a fight that illustrates the fiercely competitive nature of its business, Talen Energy has joined a coalition of power producers opposing a settlement two Ohio utilities struck in 2015 with state regulators to preserve profits for power plants operated by their electricity generating subsidiaries. (ADDISON GEORGE / THE MORNING CALL)
AEP / Coal / Energy / FirstEnergy

Talen joins battle with Ohio utilities

ALLENTOWN, PA — ” In a fight that illustrates the fiercely competitive nature of its business, Talen Energy has joined a coalition of power producers opposing a settlement two Ohio utilities struck in 2015 with state regulators to preserve profits for power plants operated by their electricity generating subsidiaries. …Opponents […]