Post Tagged with: "utility bailouts"

Thank you to our members
AEP / Energy / FirstEnergy / Freeze on Clean Energy / Ohio Citizen Action

Thank you to our members

We at Ohio Citizen Action have a lot to be thankful for.  Since January, we’ve talked to 71,863 people on their doorsteps about our clean energy campaign. Here’s what we’ve accomplished together: The Public Utilities Commission of Ohio denied two out of four proposals for a consumer bailout of old, […]

Deal in works on profit guarantees for Ohio plants of AEP, FirstEnergy?
AEP / Coal / FirstEnergy

Deal in works on profit guarantees for Ohio plants of AEP, FirstEnergy?

COLUMBUS — “Here is where the cases stand: Trial-like hearings have concluded for the AEP and FirstEnergy proposals, following weeks of testimony from several dozen parties. The next step is for participants to file briefs, followed by response briefs. After that, the PUCO will review the evidence and rule, which […]

Ohio power companies, consumers spar over who pays for spare electricity
AEP / Coal / FirstEnergy

Ohio power companies, consumers spar over who pays for spare electricity

AEP, FirstEnergy proposals for users to bail out unprofitable plants spark criticism NEW YORK, NY — “The power companies argue they need to keep the surplus production capacity to make sure there is enough electricity when consumption spikes—such as during heat waves and blasts of Arctic cold. But consumer advocates, […]

GateHouse Ohio Media graphic / Bob Kast
AEP / Energy / FirstEnergy

SPECIAL REPORT: Is electric deregulation working for you?

Fifteen years after Ohio deregulated the electrical utility industry, the benefits are hard to find CANTON — “Consumer advocates are worried that AEP and FirstEnergy want to return to the days of guaranteed profits without having to face tough scrutiny of their spending. Both companies have proposed buying electricity from […]

Dynegy Inc. CEO Bob Flexon
AEP / Coal / FirstEnergy

Dynegy: We’ll sue to stop AEP and FirstEnergy power purchase deals

COLUMBUS — “Dynegy Inc. would sue to stop power purchase agreements for Ohio electric utilities if state regulators approve the controversial proposals. …“It’s so ridiculous it’s even made it this far,” Dynegy CEO Bob Flexon told me. “It’s absurd that two investment-grade companies are running with their hands sticking out […]

Bailout fallout: PUCO decision on FirstEnergy proposal could impact future of electricity
Coal / Energy

Bailout fallout: PUCO decision on FirstEnergy proposal could impact future of electricity

COLUMBUS — “It’s tempting to label FirstEnergy an ‘energy dinosaur’ and simply wait for it to go extinct. But it’s a very powerful dinosaur, and it has significant political and financial influence. With operations spanning across seven states and $15 billion in annual revenue, FirstEnergy has wielded its political axe […]

Columbus AEP coal bailout citizen hearing
AEP / Coal

Columbus AEP coal bailout citizen hearing

COLUMBUS — On Thursday, November 19th at the Grandview Heights public library, Sierra Club will host a citizen’s hearing to discuss AEP’s coal plant bailout request currently pending at the Public Utility Commission (PUCO) and what those implications are for customer bills and energy here in Ohio. Please attend to […]

Sierra Club to host citizen hearing in Athens on AEP’s ‘coal bailout’ for old plants
AEP / Coal / Energy

Sierra Club to host citizen hearing in Athens on AEP’s ‘coal bailout’ for old plants

ATHENS — “The Sierra Club’s Beyond Coal campaign is holding a citizen hearing on AEP’s pending coal bailout request on Monday, Nov. 9, at the Athens Community Center, according to a news release. AEP’s request is pending at the Public Utility Commission of Ohio (PUCO) and could have a direct […]

FirstEnergy headquarters in Akron.
Coal / Energy / FirstEnergy

FirstEnergy eyes settlement in Ohio power purchase agreement case

COLUMBUS —   “CEO Chuck Jones told analysts he expects state regulators to make a final decision by the first quarter of 2016. Negotiations are top of mind for the company – Chief Legal Officer Leila Vespoli typically is on FirstEnergy’s calls but is in Columbus now meeting with Public Utilities […]

AEP sales, profit rise on warmer summer
AEP / Coal

AEP sales, profit rise on warmer summer

COLUMBUS — “Warm weather and rate increases led to a strong third quarter for American Electric Power. The Columbus-based utility reported a profit of $519 million on Thursday, up from $493 million in the prior-year quarter, and sales of $4.4 billion, up from $4.2 billion. …Akins said during the call […]