Post Tagged with: "PUCO"

Ohio court backs PUCO on pricing
Energy / FirstEnergy

Ohio court backs PUCO on pricing

Effort to set energy rates detoured by FERC decision COLUMBUS — “The Ohio Supreme Court on Wednesday unanimously upheld the method that was used by state regulators to set current rates in the service territory of Toledo Edison parent FirstEnergy Corp. The decision comes as efforts to set rates for […]

The Davis-Besse nuclear power plant near Oak Harbor does not compete well against new gas-fired power plants, says its owner FirstEnergy. The company convinced the state's regulators to approve an arrangement in which Illuminating Co., Ohio Edison and Toledo Edison customers will pay more to now Davis-Besse turns a profit. That arrangement still faces federal scrutiny.
Coal / Energy / FirstEnergy

Ohio regulators will consider FirstEnergy’s new customer surcharges, expect higher monthly bills

COLUMBUS — “State regulators have opened the door for another round of hearings that could give FirstEnergy a way to have customers indirectly subsidize its old uneconomic power plants. The Public Utilities Commission of Ohio decided Wednesday that it would take another look at the company’s previously approved rate case set […]

Asim Haque, Chairman of the Public Utilities Commission of Ohio (PUCO)
Energy

Asim Haque is the new chairman of PUCO

COLUMBUS — “Asim Haque will replace Andre Porter as chairman of the Public Utilities Commission of Ohio. Gov. John Kasich appointed the attorney to the five-member commission in June 2013. His seat recently came open but Haque re-applied for the position. Haque is seen as a wonkish commissioner, someone in […]

Politically connected utilities have outsized influence in Ohio: Thomas Suddes
Energy

Politically connected utilities have outsized influence in Ohio: Thomas Suddes

COLUMBUS — “Utilities and other corporate giants will argue, and they’re correct, that they’re big employers – “job-creators,” and all that. But they’re also big political players – and not just out of civic-mindedness. Four-term Republican Gov. James A. Rhodes is credited with the slogan, “Profit isn’t a dirty word in […]

FirstEnergy throws a Hail Mary pass in its scheme to keep aging power plants alive

Coal / Energy / FirstEnergy

FirstEnergy throws a Hail Mary pass in its scheme to keep aging power plants alive


AKRON — “FirstEnergy plugs away in zombie-like fashion at its undying effort to make ratepayers pick up the tab on aging electricity plants whose time has passed. Despite having been delivered a major setback last week by the Federal Energy Regulator Commission, FirstEnergy is scrambling now for an end run […]

AEP used the Sierra Club's logo in a TV advertisement it produced to garner support for the proposal, and the Sierra Club urged its backers to write letters of support for the plan.
AEP / Energy

AEP wants to pursue 900MW of renewable power in Ohio – with caveats

COLUMBUS — “American Electric Power Company Inc. still plans to pursue a big chunk of new renewable energy projects in Ohio – as long as state regulators clarify some issues. One of the central planks of the utility’s proposal to guarantee income for some of its coal-fired power plants in […]

Ohio failed to protect customers and markets, so federal regulators came to the rescue
AEP / Energy / FirstEnergy

Ohio failed to protect customers and markets, so federal regulators came to the rescue

COLUMBUS — “The PUCO, by approving the bailouts, abjectly failed to uphold its mission. By stating the subsidies would stabilize prices and protect jobs at these plants, the PUCO tried to justify its decision. Although true, this does not justify saddling customers with $6 billion in above-market costs. Moreover, it […]

The Davis-Besse Nuclear Power Station at Oak Harbor, Ohio, would have a guaranteed buyer for all its output if the PUCO approves a FirstEnergy plan. Photo by Kathiann M. Kowalski.
Energy / FirstEnergy

FirstEnergy abandons its ‘power purchase agreements,’ but not its plan for customers to pay more

COLUMBUS — “FirstEnergy now wants Ohio regulators to forget about the ‘power purchase agreements’ they approved to save the company’s old power plants — but at the same time allow the company to keep the monthly customer surcharges that the PPAs were designed to produce. In a move that appears to […]

PUCO Chairman Andre Porter
AEP / Energy / FirstEnergy

All eyes on AEP, FirstEnergy with Ohio PPAs in doubt

Companies to seek ‘reregulation’; PUCO Chair Porter resigns COLUMBUS — “On Friday, Andre T. Porter, the chairman of the Public Utilities Commission of Ohio, announced his resignation, little more than a year after taking the position and less than a month after shepherding through the controversial PPAs. Porter’s announcement came two […]

FirstEnergy's downtown Akron headquarters.
Coal / Energy / FirstEnergy

FirstEnergy ‘disappointed’ as federal agency blocks income guarantees for power plants

CLEVELAND — “FERC has not yet ruled against FirstEnergy. What it has done is rescinded its previous waiver of restrictions of intra-company transactions, which it had to do in order to review the current PUCO-approved plan. But the language of its ruling could indicate that FERC is more concerned with […]