Post Tagged with: "Davis Besse"

Welcome to the energy battle of Ohio: FirstEnergy vs. PUCO
Energy / FirstEnergy

Welcome to the energy battle of Ohio: FirstEnergy vs. PUCO

CLEVELAND — “Hello, fight fans. And welcome to the heavyweight battle of the modern era at Ohio Energy Regulation Arena. The matchup is sure to be a bruiser, and both corners say they’re confident they can win the huge purse represented by Northeast Ohio’s future electric rates. There are hundreds […]

FirstEnergy’s stock price sags after 2015 earnings released, FERC filings
Energy / FirstEnergy

FirstEnergy’s stock price sags after 2015 earnings released, FERC filings

AKRON — “FirstEnergy’s stock price sank slowly most of Wednesday — losing more than 3.5 percent of its value — following a mid-morning teleconference between financial analysts and the company’s top executives. Though less than a dozen analysts participated in the teleconference, most of the questions focused on what the company […]

Coal / Energy / FirstEnergy

TV ads duel over power rate proposal

FirstEnergy says plan will save customers $560M, but opponents charge that cost will be $4B TOLEDO — “The TV spots, radio ads, and a burgeoning battle on social media reflect the growing intensity in the fight to control the message over the merits of the eight-year plan. The proposal labeled […]

Sign the petition to stop the bailout
Energy / FirstEnergy

Sign the petition to stop the bailout

First Energy, American Electric Power and Duke Energy have submitted plans to the Public Utilities Commission of Ohio (PUCO) for financial bailouts of some of their most outdated and expensive coal plants. They want to force us to buy the power from these old expensive plants for the next 15 […]

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 […]

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 […]

(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 […]

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

FirstEnergy rate change for Davis-Besse, Sammis would stay to 2024

COLUMBUS — “FirstEnergy’s proposed eight-year rate plan could disappear after three years, but the special deal it contains to have customers subsidize two old power plants would continue until 2024. Eileen M. Mikkelsen, director of rates and regulatory affairs for the company’s three Ohio power companies, agreed under cross-examination Thursday […]

New power plants using Ohio gas could replace FirstEnergy’s old coal and nuclear
AEP / Coal / Energy / FirstEnergy

New power plants using Ohio gas could replace FirstEnergy’s old coal and nuclear

HOUSTON, TX — “Dynegy, an independent power company with 10 Ohio power plants, is offering to supply electricity for the next eight years to FirstEnergy and American Electric Power customers for less money than either of them are asking. FirstEnergy and AEP each have unprecedented cases pending before state regulators […]