FirstEnergy

FirstEnergy Corp.'s unregulated subsidiary, FirstEnergy Solutions, is retreating from retail sales and returning to generating and selling power wholesale into the regional grid. FES won't be missed, say its competitors, who saw its low fixed-price contracts as unsustainable.
Energy / FirstEnergy

FirstEnergy’s free-wheeling retail company offered fixed rates that ruined the market, frustrated competitors

AKRON — “About 70 FirstEnergy Solutions sales and sales-support positions will be cut next week, leaving the company’s commercial and industrial customers scratching their heads, and competitors scrambling to grab new customers as their contracts with the Akron-based company run out. Competitors — about 30 of them in Ohio alone — […]

A proposal by FirstEnergy would essentially guarantee a buyer for power from its Sammis power plant near Stratton, Ohio, and other facililties. (Photo by Chris Dilts via Creative Commons)
AEP / Coal / Duke Energy / Energy / FirstEnergy

FirstEnergy touts benefits of plan critics decry as ‘bailout’

COLUMBUS — “FirstEnergy says a proposed deal between its regulated Ohio utilities and their unregulated generation affiliate would create a windfall for ratepayers. However, the utility has been opaque about releasing information that could shed light on this claim. …Either way, FirstEnergy’s plan presumably builds anticipated costs into the contract […]

Electricity companies seek some regulation
AEP / Duke Energy / Energy / FirstEnergy

Electricity companies seek some regulation

COLUMBUS — “Three of Ohio’s four largest utilities — companies that rarely agree on anything — are teaming up in an attempt to dial back on deregulation. The companies — American Electric Power, Duke Energy and FirstEnergy — are asking state regulators to guarantee profits on a select number of […]

FirstEnergy has announced that it would delay planned capital improvements at two of its largest and most critical power plants in Pennsylvania, including the Bruce Mansfield coal-fired power station, above.  Steve Mellon/Post-Gazette
Coal / Energy / FirstEnergy

Energy firm FirstEnergy stops new sales to residential clients

AKRON — “FirstEnergy Corp. has decided that residential customers are as unpredictable as the weather, so it is stopping new sales to them effective immediately. The Ohio-based energy company is reshuffling the customers in its competitive segment — which includes FirstEnergy Solutions, an electricity supplier that competes with utilities — […]

FirstEnergy Corp. briefly mothballed its W.H. Sammis power plant in 2012 because the company could buy gas-fired electricity in wholesale markets for less than it cost Sammis to generate it. The huge, coal-fired power plant on the Ohio River generates twice as much electricity as two nuclear power plants. Now the company wants its regulated companies to buy all of the plant's output.
Coal / FirstEnergy

FirstEnergy Corp. looking to rate payers to support its struggling unregulated power plants

AKRON — “The proposed Ohio rate plan would run from June 2016 through May 2016. It would extend many of the provisions of the current rate plan — and add one new wrinkle — a provision to use the steady profits from the regulated Ohio companies  to subsidize two of […]

Sierra Club calls FirstEnergy plan ‘bailout’ for old, dirty coal plants
Coal / Energy / FirstEnergy

Sierra Club calls FirstEnergy plan ‘bailout’ for old, dirty coal plants

AKRON — “An environmental group is blasting FirstEnergy Corp.’s proposed electricity pricing plan, calling it a way for the Akron-based utility to bail out its coal plants and make consumers pay. ‘FirstEnergy is just reaching so deep into people’s pockets,’ said Daniel Sawmiller, senior campaign representative for the Sierra Club’s […]

FirstEnergy has refused to make public the complete details of its energy efficiency programs, prompting two environmental groups, which have seen the details but cannot legally reveal them, to petition the PUCO to order FirstEnergy to unseal documents it filed with the agency about the programs. FirstEnergy argues that the documents contain competitive information.
Energy / FirstEnergy

FirstEnergy proposes new rate plan to have consumers guarantee sales for two Ohio power plants

AKRON — “Consumers would pay more in the deal that seems designed just as much to insulate the company’s non-regulated division as to save consumers money. FirstEnergy admits the new plan would raise monthly consumer electric bills during the next three years, but argues that over 15 years, the proposed […]

PUCO needs to unseal FirstEnergy documents on energy efficiency: editorial
Energy / FirstEnergy

PUCO needs to unseal FirstEnergy documents on energy efficiency: editorial

CLEVELAND — “A FirstEnergy spokesman has said the company contends that data in some of the sealed documents could, if revealed, help competitors gain an advantage over FirstEnergy. Moreover, in FirstEnergy’s filing with the PUCO, the company contends that nowhere in Ohio law ‘is there statutory authority for the commission […]

Sabrina Eaton, The Plain Dealer
Coal / Energy / FirstEnergy

FirstEnergy CEO decries ‘war on coal’ in U.S. Chamber of Commerce speech

WASHINGTON, DC — “Government interference in the electricity marketplace is stifling the growth and use of electricity and picking winners and losers, FirstEnergy Corp. President and CEO Anthony J. Alexander told a U.S. Chamber of Commerce luncheon on Tuesday. Alexander, who since 2004 has headed the Akron-based utility that serves […]

Ohio GOP bill would freeze state energy efficiency and renewable energy at current levels
Energy / FirstEnergy

Ohio GOP bill would freeze state energy efficiency and renewable energy at current levels

COLUMBUS —”The Ohio Senate Republican leadership introduced legislation Friday that freezes the state’s energy efficiency and renewable energy mandates at this year’s levels. The proposed legislation — Senate Bill 310 –  would also create a special committee — the Energy Mandates Study Committee. That committee is to determine by Dec. 15, […]