Post Tagged with: "electric utilities"

The Oregon Clean Energy Center near Toledo, now fully operational, is the first of as many as 10 large gas turbine power plants either under construction, approved or planned for Ohio by independent power producers. Each of the plants will generate nearly 1,000 megawatts and run around he clock, increasing the pressure on old coal and nuclear power plants. However, the federal Department of Energy has proposed to federal regulators a Grid Resiliency Pricing Rule to help keep old coal and nuclear plants from closing, with the Federal Energy Regulatory Commission expected to take final action on the rule soon (Credit: Oregon Clean Energy Center).
Ohio Utility Bailouts

Ohio manufacturers ask FERC to say ‘no’ to new energy tax: Ryan Augsburger (Opinion)

CLEVELAND — “The Federal Energy Regulatory Commission will soon decide whether or not to increase the price of electricity paid by manufacturers and working families in Ohio and across the Northeast and Midwest. If enacted, the proposed rule change would deal a serious blow to America’s manufacturing competitiveness by requiring consumers to […]

Consumer groups maintain rate increase cases and power purchase agreements filed by the utilities are muddying the waters of Ohio's energy market.
Utilities

Power Failure: How utilities across the U.S. changed the rules to make big bets with your money

CHARLESTON, SC — “Listen to the folks who run some of our biggest electric utilities: Tom Fanning, chief of Southern Company, in 2016 about its nuclear project in Georgia, which is years behind schedule: ‘It has gone beautifully. And we’re on schedule.’ Kevin Marsh, CEO of SCANA, in 2016 about […]

FirstEnergy is requesting from the Public Utilities Commission of Ohio permission to raise rates by 2 percent for grid updates (Credit: Cleveland Plain Dealer).
FirstEnergy / Utilities

FirstEnergy wants to raise rates by 2 percent for grid upgrades

COLUMBUS — “FirstEnergy wants to increase electricity rates by up to 2 percent for three years to make some $450 million in improvements to the grid. Any increase in electric bills would require approval by the Public Utilities Commission of Ohio. The utility hopes the commission will OK the proposal by May, […]

Shannon Baker-Branstetter
Duke Energy / Fixed Rate Hikes

Duke Energy seeks base fee increase, undercutting thrift (Opinion)

CINCINNATI — “You should be able to manage your utility bills by controlling how much energy you use at home. That’s logical and straightforward. But Duke Energy wants to change that. If Duke’s proposal to significantly raise its ‘customer fees’ is approved, you’d lose control over a big portion of […]

A drilling rig in Columbiana County
Coal

Coal takes a back seat to cheaper and plentiful natural gas in Ohio

COLUMBUS — “Twenty-five years ago, Ohio was a place where plentiful coal led to low electricity rates, and almost nobody was talking about getting oil or gas from shale. The state’s utility companies were shielded from competition thanks to a price regulation and monopoly service. And all of that was […]

With the possibility of Davis-Besse Nuclear Power Station closing next year, FirstEnergy Nuclear Operating Co.'s president and chief nuclear officer Sam Belcher talks about the options to close a nuclear power plant: decommissioning or safe store (Credit: Molly Corfman/The News-Messenger).
FirstEnergy / Nuclear Energy

Efforts ramp up to save or sell Davis-Besse

OAK HARBOR — “There’s still a chance that FirstEnergy could find a willing buyer or legislative remedy for its Davis-Besse Nuclear Power Station, which could close next year. Before the company finishes its review in 2018 and makes a decision on the Davis-Besse site, FirstEnergy is also waiting to hear soon […]

IEEFA Update: FirstEnergy, out of step with the times, sells gas and hydro assets to shore up fading coal-fired plants
Coal / FirstEnergy

IEEFA Update: FirstEnergy, out of step with the times, sells gas and hydro assets to shore up fading coal-fired plants

As American electricity markets modernize, an Ohio utility stays the same CLEVELAND — “If there’s a standout feature in today’s fast-changing electricity-generation landscape, it’s that coal-fired and nuclear power plants cannot compete with those that run on natural gas or renewable energy. This will remain the case for the foreseeable […]

Standard & Poor's has downgraded the bond rating of FirstEnergy Solutions, the unregulated subsidiary of FirstEnergy Corp., because it believes the company will file for bankruptcy protection before 2018. S&P's in the same week raised its outlook for parent company FirstEnergy because it believes the corporation will sell off or somehow move its power plants into a regulated company (Plain Dealer file).
FirstEnergy

FirstEnergy Solutions downgraded on bankruptcy expectation, FE parent seen as stable

CLEVELAND — “Standard & Poor’s has further lowered its ratings for bonds sold by FirstEnergy Solutions because it believes the company’s negotiations with creditors is a first step toward its seeking bankruptcy protection. At the same time, S&P has revised its outlook for parent company FirstEnergy Corp. from negative to […]

Credit: Kristian Buus / Creative Commons
Renewable Energy / Utilities

Analysis: Ratepayer’s foot the bill for utilities’ push against rooftop solar

ST. PAUL, MN — “A recent story in the New York Times raised new attention to the role of the Edison Electric Institute in pushing policies hostile to distributed solar. Not mentioned in that article, however, is that ratepayers are a significant source of funding for this industry trade association. Utilities pay dues […]

"Gavel," a sculpture by Andrew F. Scott, outside the Supreme Court of Ohio (Credit: Sam Howzit / Creative Commons).
Duke Energy

Ohio decision could put more ratepayers on the hook for old cleanup costs

COLUMBUS — “Critics say an Ohio court decision last week underscores the urgency of a pending bill to address unfairness under current law, while opening the door to more efforts by utilities to shift the economic burdens for past pollution to today’s customers. Under the Supreme Court of Ohio’s June […]