Post Tagged with: "PUCO"

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 What it has done is rescinded its previous waiver of restrictions of intra-company transactions, which it had to do in order to review the current PUCO-approved plan.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 […]

The Davis-Besse nuclear power plant near Oak Harbor.
Coal / Energy / FirstEnergy

FirstEnergy’s Davis-Besse, Sammis power plants make money after all: FirstEnergy profits show

AKRON — “The PUCO on March 31 approved a special eight-year arrangement forcing FirstEnergy’s Ohio customers to subsidize the continued operations of Davis-Besse and Sammis when they lose money, which it estimated could be as much as $363 million during the first 31 months. In later years, that surcharge would […]

BREAKING NEWS: FERC rescinds AEP, FirstEnergy affiliate-sales waivers; Will review Ohio PPAs
AEP / Energy / FirstEnergy

BREAKING NEWS: FERC rescinds AEP, FirstEnergy affiliate-sales waivers; Will review Ohio PPAs

WASHINGTON, DC — “FERC late Wednesday rescinded waivers it granted American Electric Power and FirstEnergy, meaning the controversial purchase power agreements approved by Ohio regulators will be subject to the commission’s affiliate abuse test. The commission granted a request by the Electric Power Supply Association and others asking it to […]

Someone got a sweet deal from utility regulators
AEP / Coal / Energy / FirstEnergy

Someone got a sweet deal from utility regulators

  COLUMBUS — “The Public Utilities Commission of Ohio handed sweet deals to FirstEnergy and American Electric Power on March 31. Or maybe, as defenders of the PUCO rulings claim, the panel handed sweet deals to customers of FirstEnergy (the Illuminating, Ohio Edison and Toledo Edison companies) and American Electric […]

FirstEnergy headquarters in Akron.
Coal / Energy / FirstEnergy

Round 1 ends, but battle looms for FirstEnergy

Following favorable decision from utilities commission, the Akron company might be an underdog in the next bout AKRON — “FirstEnergy’s 18-month slugfest in front of the PUCO was brutal, and no doubt costly in terms of public relations, advertising and lobbying. It also might have just been a warm-up for […]

image source: IEEFA
AEP / Coal / Energy / FirstEnergy

Ohio Ruling is a giveaway to FirstEnergy and AEP, and a betrayal of ratepayers


COLUMBUS — “IEEFA’s analysis of the FirstEnergy plan in particular has shown that customers are likely to pay at least $4 billion extra for electricity from FirstEnergy’s aging coal plants, as well as the frequently troubled Davis Besse nuclear plant, over the eight-year life of the deal. Here’s why the […]

PUCO explains support for AEP, FirstEnergy generation subsidies
AEP / Coal / Energy / FirstEnergy

PUCO explains support for AEP, FirstEnergy generation subsidies

COLUMBUS — “PUCO Chairman Andre Porter and other commissioners defended their votes during the meeting. ‘Retail electricity prices are down due partially to new fuels and resources being discovered, [including] in the vast Marcellus and Utica shale regions. Prices are also down because demand has decreased,” Porter said. “While such […]

PUCO rules in favor of utilities
AEP / Coal / Energy / FirstEnergy

PUCO rules in favor of utilities

Customers will pay for older plants COLUMBUS — “State regulators have approved what they describe as a modified version of the FirstEnergy request to have customers subsidize the continued operations of Davis-Besse nuclear power plant and the coal-fired W.H. Sammis power plant. Customers will be forced to buy power from […]

Andre Porter, center, chairman of the Public Utilities Commission of Ohio, is fulfilling his desire for public service.
AEP / Coal / Energy / FirstEnergy

Ohio regulators approve income guarantees for AEP and FirstEnergy

COLUMBUS — “Ohio energy regulators have approved proposals by AEP and FirstEnergy to guarantee income for certain power plants, accepting their arguments that the seven coal plants and one nuclear plant should be subsidized by ratepayers because the benefits outweigh the potential costs. The decision means ratepayers will be on […]