Post Tagged with: "PUCO"

AEP takes $2.3B write-down of coal plants to avoid Ohio’s ‘deregulation debacle’
AEP / Coal

AEP takes $2.3B write-down of coal plants to avoid Ohio’s ‘deregulation debacle’

COLUMBUS — “American Electric Power Company Inc. CEO Nick Akins often peppers his public comments with references to music or movies. It’s a way to translate complicated public policy and energy issues through the lens of popular culture. On Tuesday, his quote previewed the theme of comments by executives of […]

FirstEnergy must cut costs to avoid credit downgrade
FirstEnergy / Ohio Utility Bailouts

FirstEnergy must cut costs to avoid credit downgrade

AKRON — “Chuck Jones needs to find about $200 million. That’s roughly the amount that Jones, CEO of Akron-based FirstEnergy Corp., says he needs to find in cost savings to preserve his company’s credit rating — and ultimately to stay independent. It will mean cuts to FirstEnergy’s expenses. That includes […]

Editorial: Ohio deserves better
Commentary / FirstEnergy / Ohio Utility Bailouts

Editorial: Ohio deserves better

TOLEDO — “At first glance, it appears that the Public Utilities Commission of Ohio put its proverbial foot down when it rejected FirstEnergy Corp.’s request for funding to improve its power grid. But closer scrutiny reveals that the utility seems to have been handed a ‘cash grab’ and no requirement […]

DP&L switches proposed electric charge before hearing
Dayton Power & Light / Energy

DP&L switches proposed electric charge before hearing

DAYTON — “On Friday, four days before a public hearing in Dayton, Dayton Power & Light (DP&L) withdrew a proposed ‘reliable electricity rider,’ or charge, in favor of another proposed charge, this one for “distribution and modernization.” A proposed ‘electric security plan’ for DP&L — the subject of Public Utilities […]

Ohio Statehouse
Commentary / Freeze on Clean Energy

Thomas Suddes commentary: Ohioans brace for ‘post-election’ season

COLUMBUS — “While everyone’s watching Donald Trump or Hillary Clinton (or, most likely, football), some state issues are being quietly shaped in Columbus, waiting for the traditional, and traditionally frenzied, post-election (‘lame-duck’) session of the General Assembly. One issue that might (or might not) be addressed is Ohio’s two-year freeze […]

FirstEnergy had a rough first three quarters in 2015, but finished the year, overall strong. (Courtesy of FirstEnergy)
Coal / Energy / FirstEnergy

Consumers’ Counsel says FE rates illegal, asks Supreme Court to toss them out

COLUMBUS — “Consumers who thought federal authorities had saved them from a FirstEnergy surcharge to subsidize two of the company’s old power plants should think again, says the state’s consumer watchdog. The Ohio Consumers’ Counsel points out in an appeal it filed with the Ohio Supreme Court this week that […]

The AEP building in Columbus.
AEP / Energy / Fixed Rate Hikes

Ohio utility seeks to double its fixed distribution charges

COLUMBUS— “In response to an increasing number of customers installing solar power or opting for energy efficiency measures, American Electric Power has asked Ohio regulators to increase the share of distribution charges that all its utility customers must pay, regardless of how much electricity they use. AEP Ohio has seen […]

Howard Petricoff

Kasich picks Democrat Petricoff to fill seat on PUCO

COLUMBUS — “The Public Utilities Commission of Ohio now includes a Democrat for the first time in more than a year with the appointment of Howard Petricoff to the panel. …Petricoff, 66, retired this year after more than 30 years representing private clients in cases before the PUCO. In recent […]

State regulators approved a plan to help subsidize the Davis-Besse Plant in Ottawa County and other power plants across Ohio by having customers act like investors.
Coal / Energy / FirstEnergy

FirstEnergy customers would pay equivalent of extra monthly electric bill for up to eight years

CLEVELAND — “Federal utility regulators appear to be the last bulwark between consumers and FirstEnergy’s efforts to make them pay more to subsidize two of its old Ohio power plants. The Ohio Consumers’ Counsel, several environmental groups and competing power suppliers have asked the Federal Energy Regulatory Commission to intervene […]

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.
AEP / Coal / Energy / FirstEnergy

Advocates weigh in with federal regulators on FirstEnergy plan

COLUMBUS — “FirstEnergy has claimed that consumers would eventually come out ahead, based on its assumption that gas prices will increase significantly over the next eight years. However, a May 2016 report by the Energy Information Administration projects that natural gas prices will remain below $5 per million British thermal […]