Post Tagged with: "electric utilities"

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 […]

Credit: Columbus Dispatch file photo
AEP / Renewable Energy

AEP renewable energy charge getting scrutiny

COLUMBUS — “Your bill from American Electric Power is the sum of many parts, including a charge for renewable-energy programs. That charge has doubled at the same time that the overall bill has decreased. Called the Alternative Energy Rider, the charge is about $2 for a typical household this month. […]

Credit: Tom Knox
Utilities

Ohio Senate budget bill lets PUCO charge power customers higher rate to keep up utility credit ratings

COLUMBUS — “Ohio’s utility regulator could consider a utility’s credit rating when establishing base rates paid by customers, an apparent nod to FirstEnergy Solutions, the unregulated subsidiary of Akron electric utility FirstEnergy Corp. ‘Ratepayers in all six (electric utility) service areas could pay higher electricity charges under this,’ according to […]

AEP's Clifty Creek power plant in Madison, Indiana is among the facilities covered under income guarantee plans recently approved by Ohio regulators. 
Photo By
Crowezr / Wikimedia Commons
Coal / Ohio Utility Bailouts

Proposed Ohio subsidy for coal-fired power plants now uncertain

COLUMBUS — “A proposal to subsidize two coal-fired power plants is no longer on a fast track and might not pass at all. This is a shift from last month, when House Bill 239 seemed to be moving quickly toward becoming law, despite opposition from consumer and environmental groups. The […]

The Ohio Statehouse (Credit: Tlarrow/Creative Commons)
Utilities / Wind Energy

Ohio budget amendments: another utility ‘bailout’ and a rollback of wind setbacks

COLUMBUS — “Ohio’s budget bill reported out of the Senate Finance Committee Tuesday comes with an amendment that would expressly authorize extra charges to ratepayers to support utilities’ financial health. Meanwhile, another amendment would relax the tripled wind turbine setbacks that were included at the last minute in a 2014 […]

The Kyger Creek power plant in Cheshire, Ohio, on the Ohio River began operating in 1955 to make power for a uranium enrichment plant in Piketon, Ohio. Since 2003, the plant, which is owned by a company created by other electric utilities, has been selling its power either into wholesale markets or sending it to its member companies. Now the plant is facing competition from natural gas turbine power plants, which can make electricity at a lower cost (Credit: Ohio Valley Electric Corp).
Coal / Ohio Utility Bailouts

Don’t subsidize coal, Consumers’ Counsel, NOPEC, AARP, Ohio Manufacturers’ Association tell lawmakers

CLEVELAND — “Ohio lawmakers and opponents of controversial ‘fast-tracked’ legislation designed to shift the costs of two 62-year-old coal power plants to consumers are heading for a showdown this week. Two bills, which have been moving through both the House and Senate utilities committees, were to be voted out of […]