Post Tagged with: "utility bailouts"

FirstEnergy is staying focused on its upcoming power purchase agreement hearing. In December, energy regulators heard from a packed room of Ohio power companies, businesses and environmental groups during a PUCO hearing a similar request by AEP.
Coal / Energy / FirstEnergy

FirstEnergy focused on proposed power plan, not PUCO chief’s call to ‘stop trying to scare Ohioans’

COLUMBUS — “FirstEnergy Corp. is keeping mum about sharp comments from Ohio’s top regulator. The utility’s focus is not on switching Ohio’s electric power industry back to regulation, the Akron utility said in response to Andre Porter‘s comments in a Tuesday Columbus Business First story. Instead, it’s squarely focused on […]

Andre Porter
Coal / Energy

‘Stop trying to scare Ohioans,’ PUCO chief tells power companies

COLUMBUS — “Andre Porter, chosen in April by Gov. John Kasich to lead the influential state agency, agreed with comments made by Ohio’s electric utility executives from Akron-based FirstEnergy Corp. (NYSE:FE) and Columbus’ American Electric Power Company Inc. (NYSE:AEP) that it’s important to ensure power reliability. But Porter isn’t sounding […]

FirstEnergy backs away from free market, wants you to buy its more expensive power
Coal / Energy / FirstEnergy

FirstEnergy backs away from free market, wants you to buy its more expensive power

AKRON — “FirstEnergy’s next rate case is going to a full-scale hearing at the end of this month — without the recommendations of state experts who should have already analyzed it. The centerpiece of the case is a never-before-seen 15-year “power purchase agreement” between FirstEnergy’s three traditional Ohio utilities — the […]

FirstEnergy is about to ask Ohio lawmakers to create new regulations awarding "zero emission credits," or ZECs, to its nuclear power plants, Davis-Besse east of Toledo and Perry east of Cleveland, in recognition that they do not contribute to air pollution. The ZECs would increase customer bills. The plan is sure to be challenged in federal court because it would subsidize the nukes which are supposed to be operating in a competitive market.
Coal / Energy / FirstEnergy

PUCO staff needs more time as FirstEnergy PPA hearing looms

COLUMBUS — “…in a filing that PUCO observers cited as odd, PUCO staff on Friday delayed testimony. Their expert opinion is one of the final steps needed before the hearings can begin. “Comes now the staff of the Public Utilities Commission of Ohio and respectfully requests that the due date […]

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 […]