Post Tagged with: "utility bailouts"

PUCO should reject FirstEnergy rate request: editorial
Coal / FirstEnergy

PUCO should reject FirstEnergy rate request: editorial

CLEVELAND — “Akron’s FirstEnergy Corp. effectively wants its customers to be forced to invest in a handful of money-losing FirstEnergy power plants in hopes they will become profitable again and pay dividends. That’s the gist of an audacious rate-increase request that 1.9 million residential ratepayers and other customers of the Illuminating, Ohio Edison and Toledo […]

The FirstEnergy bailout – The more you learn, the less you’ll like it
Coal / Energy / FirstEnergy

The FirstEnergy bailout – The more you learn, the less you’ll like it

NEW YORK, NY  — “Why should customers pay for FirstEnergy’s mistakes? The Ohio-based power company made a string of bad business decisions that are hurting shareholders, customers, taxpayers, and the environment. Now the Public Utilities Commission of Ohio is mulling a bailout proposal that would require customers to pay off […]

A compromising position for FirstEnergy and Ohio
Coal / FirstEnergy

A compromising position for FirstEnergy and Ohio

AKRON — “A hard reality is that coal won’t soon disappear as an energy source, not when it accounts for almost three-quarters of the generation mix in Ohio. A coal-burning Sammis plant, equipped with the best-available pollution controls, arguably has a place then. What a sound energy strategy requires is […]

Dick Munson: FirstEnergy clings to the energy past
Coal / Energy / FirstEnergy

Dick Munson: FirstEnergy clings to the energy past

AKRON — “FirstEnergy reaped the early benefits of the deregulation of the electricity market. But as the cost of natural gas (a competitor to FirstEnergy’s plants) fell and demand for electricity waned, it has been getting harder for FirstEnergy to compete. Now that its coal and nuclear power can’t contend, […]

Ohio businesses singled out in Gov. Kasich’s vetoes
Energy

Ohio businesses singled out in Gov. Kasich’s vetoes

Major impact to be felt on wide range of businesses, including insurance companies, power plants and local chambers of commerce COLUMBUS — “Ohio Gov. John Kasich’s veto pen — used more this year than on any other budget during his tenure as governor — will have a major impact on […]

If elected president, Ohio Gov. John Kasich plans to push for greater production of energy from oil, gas, nuclear, coal and renewable sources.
AEP / Coal / Energy

Kasich rejects property-tax break for power plants

COLUMBUS — “Gov. John Kasich has used his line-item veto to reject a property-tax break for owners of power plants. The change in tax law had been sought by American Electric Power and was inserted into the larger budget bill passed by Ohio House and Senate leaders. It was opposed […]

Victory! Governor Kasich line-item vetoes the Tangible Personal Property Tax giveaway to utilities
AEP / Coal / Energy / FirstEnergy / Victory

Victory! Governor Kasich line-item vetoes the Tangible Personal Property Tax giveaway to utilities

COLUMBUS — With just hours to go before the deadline last night, Governor John Kasich signed the 2016-2017 budget into law, minus the last-minute amendment that would have transferred a key utility property tax on to consumers. Ohio Citizen Action members and friends were heard. More than 500 phone calls […]

The Sierra Club’s Jen Miller addresses about 100 people in Columbus at a June 15 rally organized by the Sierra Club’s Ohio Chapter and Ohio Citizen Action to protest FirstEnergy’s plan.
Coal / Energy / FirstEnergy

FirstEnergy “bailout” case: Are new additions “special deals?”

COLUMBUS — “FirstEnergy continues to fight against full disclosure of details in its bid to have Ohio ratepayers guarantee sales for three less profitable coal plants plus the Davis-Besse nuclear plant, even as it adds new rate proposals. FirstEnergy says the new provisions are separate from its proposed power purchase […]

FirstEnergy's request that its customers should pay a little extra every month to keep the Davis-Besse nuclear reactor operating has put the company in the middle of a regulatory battle both in Ohio and before the Federal Energy Regulatory Commission. Now financial analysts are concerned about the outcome.
Coal / Energy / FirstEnergy

FirstEnergy next into fight over controversial power purchase agreements

COLUMBUS — “For FirstEnergy, $5 billion is riding on its proposal. That’s the difference in projected costs being debated by FirstEnergy and its opponents. The company estimates its customers ultimately will save $2 billion in its plan, but an analysis by the Ohio Consumers’ Counsel projects a $3 billion shortfall […]

On June 15 about 100 demonstrators gathered in Columbus, Ohio to ask the Public Utilities Commission of Ohio (PUCO) to deny FirstEnergy's request for a rate hike to support its aging coal plants.
Coal / Energy / FirstEnergy / Uncategorized

Green energy advocates: Coal is unsustainable in more ways than one

COLUMBUS — “Environmentalists have said for years that coal and other fossil fuels are not sustainable sources of energy. Now advocates of green energy are arguing that coal has also become economically unsustainable. Coal has reportedly become a bad investment, even in countries with large coal reserves. FirstEnergy Corp. began […]