FirstEnergy

The more electricity regulators delay, the more customers pay
FirstEnergy / Ohio Utility Bailouts

The more electricity regulators delay, the more customers pay

COLUMBUS — “Remember the old ‘money booths,’ in which game show participants got to grab as many dollars as they could before the timer went off? Well, FirstEnergy’s the lucky contestant; everyday Ohioans are supplying the cash, and the Public Utilities Commission of Ohio (PUCO) is refusing to call time. […]

Credit: Wikimedia Commons
FirstEnergy / Nuclear Energy

PJM auction results could push nuke operators to ‘double down’ on subsidies

WASHINGTON, DC — “Prices in the PJM Interconnection’s capacity auction were once again disappointing for many generators, but for operators of nuclear power plants they could be a particularly troubling sign. The results could add to efforts to create nuclear subsidies and prove to be a turning point in the […]

Huge power company pushes for FirstEnergy’s Ohio nuke plan: ‘As a nation, we are at a crossroads’
FirstEnergy

Huge power company pushes for FirstEnergy’s Ohio nuke plan: ‘As a nation, we are at a crossroads’

CHICAGO, IL — “Exelon Corp., the company that owns a quarter of the country’s nuclear power plants, is vouching for an Ohio utility’s plea for subsidies for its two nuclear plants. …’As a nation, we are at a crossroads,’ Joseph Dominguez, executive vice president for governmental and regulatory affairs and […]

Ohio State Representative Bill Seitz (Credit: James D. Decamp)
FirstEnergy / Nuclear Energy

Ohio lawmaker floats the idea of a customer opt-out of FirstEnergy’s nuclear subsidies

COLUMBUS — “Ohio lawmakers have tabled a plan to add a fee to the electric bills of FirstEnergy customers to help pay for the utility’s unprofitable nuclear plants. WKSU’s Jeff St.Clair reports that a key legislator is floating an alternative solution. FirstEnergy says it needs the $300 million per year […]

FirstEnergy is rebuilding its system of high-voltage transmission lines and could spend up to $15 billion on upgrades in the next few years. The company owns 24,000 miles of high-voltage power lines.
Energy / FirstEnergy

Ohio electric utility rates challenged, have cost customers billions of dollars in hidden charges

CLEVELAND — “Nine years after passage of a state law that aimed to drive down customer electric bills and usher in an era of energy efficiency and green energy, a lone state lawmaker is trying to stop what has become a state-approved escalator of rising power bills. State Rep. Mark Romanchuk, […]

The bill in the Ohio House is limited to two coal-fired power plants owned by Ohio Valley Electric, a consortium of Ohio utilities that includes investor-owned companies like AEP and FirstEnergy, as well as electric cooperative Buckeye Power. photo: Columbus Dispatch
AEP / Coal / Energy / FirstEnergy

Bill in Ohio House would permanently subsidize 2 coal-fired power plants

COLUMBUS — “A new proposal in the Ohio House would provide a perpetual subsidy for two coal-fired power plants owned jointly by American Electric Power and just about every other major electricity utility in the state. House Bill 239 calls for the owners of Ohio Valley Electric Corp. to receive […]

Power lines outside of the Davis Besse nuclear power station east of Toledo. photo: The Toledo Blade
Energy / FirstEnergy

FirstEnergy still wants aid; Ohio House halts hearings

$300M a year sought to subsidize nuclear power plants COLUMBUS — “FirstEnergy’s president on Thursday sought to keep legislation on track in the Senate to authorize up to $300 million a year in customer subsidies for its two struggling nuclear power plants even as the House has halted hearings. ‘I […]

The Davis-Besse nuclear power plant would be more competitive under a new proposal from PJM Interconnection, the company that manages the high-voltage grid in Ohio and 12 other states. But plant owner FirstEnergy is asking for a customer surcharge to raise more money for its nuclear fleet (credit: Plain Dealer file).
FirstEnergy / Nuclear Energy

FirstEnergy CEO Chuck Jones appeals to Ohio Senate committee to support nuclear power subsidy

COLUMBUS — “FirstEnergy’s effort to persuade state lawmakers that its nuclear power plants won’t survive without a state-mandated customer surcharge is now focused on the Ohio Senate. FirstEnergy CEO Chuck Jones, accompanied by lobbyists, told members of the Senate Public Utilities Committee on Thursday that its Davis-Besse and Perry nuclear […]

The Perry nuclear power plant would get a consumer-paid subsidy if a proposal by its owner FirstEnergy is approved by Ohio lawmakers. The company is also hoping the Trump administration will re-design regional wholesale power markets to give more money to companies with large coal and nuclear power plants, even if the power the generate is more costly than that of wind and gas turbine plants. (photo: JOHN KUNTZ)
FirstEnergy / Nuclear Energy

Lucas Co. commissioners against new subsidies for FirstEnergy

TOLEDO — “Lucas County Commissioners today urged state lawmakers to reject a proposal to create new subsidies for FirstEnergy to shore up its struggling nuclear power plants and have the utility’s customers foot the bill through rate increases. House Bill 178, or the Zero Emission Nuclear credit bill, would provide a […]

FirstEnergy's Davis-Besse nuclear power plant near Toledo, along with the company's Perry nuclear power plant near Cleveland and its Beaver Valley reactors near Pittsburgh cannot compete well against new gas turbine plants and may be sold in bankruptcy proceedings if the state does not authorize additional customer charges. The Nuclear Regulatory Commission has required major upgrades in recent years to defend against terrorists and to withstand natural disasters such as earthquakes (credit: Plain Dealer file).
FirstEnergy / Nuclear Energy

FirstEnergy CEO says ZEC legislation may be too late to help

AKRON — “FirstEnergy’s top executive said today he does not expect Ohio lawmakers to vote until fall on legislation authorizing zero emission credits. ‘If it is going to happen, it will be later this year. If it is not going to happen, we’ll know sooner,’ said Chuck Jones, CEO, in […]