Post Tagged with: "utility bailouts"

GOP voters support green energy, oppose coal, nuclear bailouts, statewide poll finds
Energy / Freeze on Clean Energy / Renewable Energy

GOP voters support green energy, oppose coal, nuclear bailouts, statewide poll finds

CLEVELAND — “Conservative Ohio voters, whether Independent or Republican, are tired of utilities asking for special charges for coal and nuclear power plants, support mandatory energy-efficiency programs, favor home solar systems and are willing to pay higher monthly bills for renewable energy. These are findings in a poll commissioned by […]

Coal’s best bet for a bailout may now come from Rust Belt
Coal / Energy / Renewable Energy

Coal’s best bet for a bailout may now come from Rust Belt

WASHINGTON, DC — “The U.S. coal industry’s best hope for a bailout may lie in the Rust Belt now that Washington’s plan has fizzled. The largest U.S. power grid — covering Pennsylvania, Ohio and other states — has been considering an initiative that may keep struggling coal plants afloat. The idea, […]

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 […]

Coal / Energy

Ohio legislature considers forcing customers to bailout coal plants

COLUMBUS — “Did you hear that you could soon be paying more for your electric bills? But the price of electricity isn’t getting more expensive, so what gives? If some lawmakers in Columbus get their way, your hard-earned money will start paying for bailouts of old power plants in Indiana and […]

FirstEnergy headquarters in Akron.
Coal / Energy / FirstEnergy

PUCO rejects challenge to FirstEnergy special subsidy, you’ll keep paying more

CLEVELAND — “The Public Utilities Commission of Ohio today rejected multiple appeals of its October 2016 ruling giving FirstEnergy an extra $204 million a year for up to five years, officially for upgrades to the company’s local wires and substations, but say opponents, actually allowing the company to use the money in […]

Ohio Statehouse (Wikimedia Commons)
Coal / Energy / FirstEnergy / Renewable Energy

As Ohio legislature regroups, power plant subsidy debate to continue

COLUMBUS — “As the Ohio legislative session resumes next month, subsidies for nuclear generation and 1950s-era coal plants are expected to once again be on the table. Other pending electricity bills deal with renewable energy, energy efficiency, corporate separation of utilities and consumer protections. The outcome could shape Ohio’s electricity […]

Dick Munson is EDF's Director, Midwest Clean Energy.
Coal / Energy / FirstEnergy

Tomorrow is judgement day for FirstEnergy’s bailout

COLUMBUS — “Tomorrow, the Public Utilities Commission of Ohio (PUCO) will issue its rehearing order on FirstEnergy’s bailout plea. If, like us, you have vacation brain, here’s a refresher: Last October, the PUCO gave a tentative $625-million subsidy to reduce FirstEnergy’s debt associated with its bad business decisions. Admittedly less than the […]

The Bruce Mansfield Power Plant, FirstEnergy's largest coal-fired plant, in Beaver County on November 23, 2015. FirstEnergy officials are scheduled to meet with creditors of its struggling competitive generation unit, FirstEnergy Solutions (Credit: Andrew Rush / Pittsburgh Post-Gazette).
FirstEnergy

With power plants struggling, FirstEnergy sets up meeting with creditors

AKRON — “FirstEnergy officials are scheduled to meet with creditors of the company’s struggling competitive generation unit, FirstEnergy Solutions, which includes two Pennsylvania power plants in Beaver County employing about 1,000 people. The meeting with creditors, reported during an earnings call on Friday, is a development in the Akron, Ohio-based […]

FirstEnergy nuclear charges crucial to operating or selling Davis Besse, Perry, says CEO
FirstEnergy / Nuclear Energy

FirstEnergy nuclear charges crucial to operating or selling Davis Besse, Perry, says CEO

AKRON — “FirstEnergy’s top executive says the company will continue to press Ohio lawmakers for new customer-paid subsidies for its nuclear power plants even though it may not own them in the future. ‘I am going to continue to fight for this … legislation because it is the right thing […]

Letter: Taxpayers shouldn’t prop up FirstEnergy
FirstEnergy / Ohio Utility Bailouts

Letter: Taxpayers shouldn’t prop up FirstEnergy

COLUMBUS — “Ohio’s legislators just shot down a measure that would have increased electricity rates so utility giants could bolster their finances and credit ratings. The state’s regulators should do the same. FirstEnergy and other utilities in recent years have made numerous bad business decisions, particularly their investments in old […]