Post Tagged with: "utility bailouts"

AEP revises request for coal-plant income guarantee
AEP / Coal

AEP revises request for coal-plant income guarantee

COLUMBUS — “The filing with the Public Utilities Commission of Ohio, made late on Friday, is an addition to one made last October, taking into account what has happened since then in the electricity market and with PUCO rulings. The October proposal addressed four coal-fired power plants: W.H. Zimmer, J.M. […]

May 19, 2015 FirstEnergy shareholders meeting in Akron protested by pastors, vets, labor, students, and retirees.
Coal / Energy / FirstEnergy

FirstEnergy investors infuriated over company’s pro-coal stances

AKRON — “Nearly a dozen shareholder groups are furious with FirstEnergy for its stance on  energy efficiency rules and its efforts to hang onto its coal-fired power plants as long as possible. They argue that FirstEnergy’s campaign in 2014 to kill Ohio energy efficiency rules, its reluctance to embrace renewable […]

AEP had sought a guaranteed rates for some of its older plants, including one near Conesville, Ohio.
AEP / Coal / Energy

AEP now wants quick decision on latest power purchase agreement proposal

COLUMBUS — “American Electric Power Company Inc. isn’t resting in its quest to guarantee the financial stability of its Ohio coal-fired power plants. The company now is asking state regulators to render a decision – and fast – on an expansive power purchase agreement so it can decide if it […]

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

FirstEnergy will raise rates to recoup bad bets on coal

NEW YORK, NY — “…Since the 2012 closure announcement, FirstEnergy was allowed to collect up to $300 million a month with the assumption these units generated power all the time. But they didn’t run continuously. Finally, FirstEnergy spent millions of dollars to build new transmission lines along the Ohio River. […]

FirstEnergy making push for new plan, opponents dub it a coal plant bailout
Coal / Energy / FirstEnergy

FirstEnergy making push for new plan, opponents dub it a coal plant bailout

COLUMBUS — “AEP tried it. Duke Energy tried. And now FirstEnergy is taking a swing at what’s known as a Power Purchase Agreement. This is a plan to pass part of the costs of operating power plants on to the ratepayers. The proposal would impact the Davis-Besse nuclear plant in […]

American Electric Power’s Cardinal plant.
AEP / Coal / Energy

AEP leaning toward selling Ohio power plants

Utility concerned about financial viability of unregulated plants COLUMBUS — “American Electric Power appears increasingly likely to sell its Ohio power plants, citing a regulatory structure that the company’s chief executive says is not conducive to investment. …Columbus-based AEP has asked the Public Utilities Commission of Ohio to provide a […]

William M. Bowen is professor of public administration and urban studies at the Maxine Goodman Levin College of Urban Affairs at Cleveland State University.
AEP / Coal / Duke Energy / Energy / FirstEnergy

Denying FirstEnergy’s power purchase agreement would leave Ohio’s regulators three-for-three

CLEVELAND — “The importance and value of distributed generation, renewable energy technologies and energy efficiency has, for a variety of reasons, now become more crucial than ever. Thus, the U.S. Environmental Protection Agency’s proposed rule under Section 111(d) of the Clean Air Act requires something on the order of a […]

Duke decision on Ohio ‘bailout’ proposal mirrors AEP ruling
Coal / Duke Energy / Energy

Duke decision on Ohio ‘bailout’ proposal mirrors AEP ruling

COLUMBUS — “Ohio regulators have rejected the second of three utilities’ “bailout” proposals, presenting further hurdles for FirstEnergy in an upcoming hearing for its case…. ‘Price stabilization’ vs. ‘bailouts’ In general, Ohio law grants a monopoly to electric distribution utilities, but lets customers choose their electric generation suppliers. If approved, […]

PUCO Chairman Andre Porter
AEP / Coal / Duke Energy / Energy / FirstEnergy

Consumer electric bills riding on selection of new PUCO boss

COLUMBUS — “Gov. John Kasich has appointed Andre Porter, former Commerce Secretary, former member of the commission and a lawyer, chairman of the PUCO. As chairman, Porter will preside over FirstEnergy’s pending rate case. His predicted ascension has also generated months of speculation about the governor’s position on the FirstEnergy […]

Andre Porter
AEP / Coal / Duke Energy / Energy / FirstEnergy

Andre Porter confirmed to lead PUCO

COLUMBUS — “Andre Porter will in fact lead the Public Utilities Commission of Ohio. Ohio Gov. John Kasich said Tuesday afternoon that Porter, the former commerce department director, will replace PUCO Chairman Tom Johnson. Before joining the commission, he was an attorney at Schottenstein Zox & Dunn Co. LPA, and […]