Post Tagged with: "utility bailouts"

Columbus-based AEP is one of the country's biggest electric providers
AEP / Energy

AEP gets another chance to show an income guarantee benefits consumers

COLUMBUS — “The Columbus electric utility (NYSE:AEP) wanted state regulators to hurry up and hear the plea to ink long-term power purchase agreements for its Ohio power plants. Now, the Public Utilities Commission of Ohio has set dates for hearings that follow a similar proposal from Akron-based FirstEnergy Corp. (NYSE:FE) […]

Dynegy Inc. CEO Bob Flexon
AEP / Coal / Duke Energy / Energy / FirstEnergy

Dynegy CEO: Re-regulation in Ohio would help ‘the weakest in the herd’

COLUMBUS — “Hopes for re-regulating Ohio’s power industry are another example of utilities not wanting to compete, says one of the newest entrants to the state’s power generation industry. ‘They’re used to getting what they want – big, fat margins so they can pay big dividends to shareholders,’ Dynegy Inc. […]

Video: June 15, 2015 Day of Action
Coal / Energy / Featured Video / FirstEnergy

Video: June 15, 2015 Day of Action

COLUMBUS — On June 15, 2015 Ohio Citizen Action and Ohio Sierra Club members and volunteers from all over FirstEnergy’s service territory came to Columbus to deliver a message to the Public Utilities Commission of Ohio and Governor John Kasich.

Chuck Jones,  FirstEnergy CEO
Coal / Energy / FirstEnergy

FirstEnergy CEO says it’s time to get conversation rolling about ending deregulation

AKRON — “FirstEnergy Corp.’s new chief executive officer thinks it’s time to have conversations about ending deregulation of the electric utility industry in Ohio, a move that some may argue is an about-face from the company’s stance in 2008. He also is making it a priority to ensure that the […]

FirstEnergy wants Ohio to end deregulation, return to state-controlled rates
Coal / Energy / FirstEnergy

FirstEnergy wants Ohio to end deregulation, return to state-controlled rates

AKRON — “FirstEnergy Corp. wants Ohio to re-regulate the electric utility industry, hoping to end an era the company itself fought for just seven years ago, in which electricity rates were set by wholesale markets without interference from the state. …Jones said FirstEnergy’s future is at risk if it cannot […]

Letter to the editor: Embrace renewable energy
Coal / Energy / FirstEnergy

Letter to the editor: Embrace renewable energy

STOW — “Our children and grandchildren should not have to grow up in an increasing polluted world. We want less pollution for them, along with lower energy costs. Long ago, when coal was discovered to be the best option for heating and power, we didn’t even know what cars, planes […]

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, […]