Post Tagged with: "utility bailouts"

Editorial: Ohio deserves better
Commentary / FirstEnergy / Ohio Utility Bailouts

Editorial: Ohio deserves better

TOLEDO — “At first glance, it appears that the Public Utilities Commission of Ohio put its proverbial foot down when it rejected FirstEnergy Corp.’s request for funding to improve its power grid. But closer scrutiny reveals that the utility seems to have been handed a ‘cash grab’ and no requirement […]

Crews install new LED lighting in the sign at FirstEnergy's Akron headquarters. Photo By FirstEnergy / Creative Commons
Energy / FirstEnergy / Ohio Utility Bailouts

FirstEnergy ‘bailout’ raises questions of corporate separation

COLUMBUS — “A new charge ordered by Ohio regulators last week could add up to $1 billion into FirstEnergy’s coffers without requiring the company to do any specific work in return. While the company says the order is ‘disappointing’ and will provide ‘insufficient’ funds, competitors and advocates call it a […]

FirstEnergy in Ohio
FirstEnergy / Ohio Utility Bailouts

IEEFA Ohio: FirstEnergy bailout plan is paying off (for FirstEnergy)

Ohio regulator nod on $600 to $1 billion in ratepayer subsidies presages a similar campaign in West Virginia COLUMBUS — “The Public Utility Commission of Ohio this week gave FirstEnergy a much smaller bailout than the company wanted. But it’s still a bailout. We expect opponents—including consumer and environmental organizations, […]

Ohio PUC rejects FirstEnergy virtual power deals
FirstEnergy / Ohio Utility Bailouts

Ohio PUC rejects FirstEnergy virtual power deals

No one cheers for alternative: $600 million over 3 years COLUMBUS — “The PUC of Ohio rejected First Energy’s ‘virtual’ power purchase agreement (PPA) proposal yesterday, but approved staff’s proposal to pay the firm $600 million over three years to shore up its financial health. The amount is less than […]

FirstEnergy's downtown Akron headquarters.
Energy / FirstEnergy / Ohio Utility Bailouts

FirstEnergy Corp. gets a bailout, but not the one it was hoping for

COLUMBUS — “Sometimes, “no” is better than ‘nothing,’ and that’s likely the case with the Public Utilities Commission of Ohio’s Oct. 12 ruling on Akron-based FirstEnergy Corp.‘s request for subsidies of its old coal-fired plants in Ohio. The PUCO rejected FirstEnergy’s request for a ‘retail rate stability rider’ that would […]

The flaws in the utilities’ push for residential demand charges
Commentary / Utilities

The flaws in the utilities’ push for residential demand charges

WASHINGTON, DC — “To fairly evaluate the merits of demand charges, we should understand the utilities’ conundrum. Utilities must continually invest billions of dollars to ensure enough capacity to meet the demands of all customers at all times. Utilities mostly recover these investment costs, which are largely fixed, through variable […]

The surprising ground zero for electricity market fights
Energy / Research & Reports

The surprising ground zero for electricity market fights

THE WOODLANDS, TX — “Look to the East and you’ll see a major initiative to transform New York’s electric grid into a cleaner, more efficient system. Look to the West and you’ll find ambitious clean energy legislation in California. Yet utility executives and federal regulators recently gathered in the Midwest […]

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

With AEP deal, private equity continues gobbling up utility plants

Blackstone and ArcLight’s purchase of four midwestern power plants from AEP is just the latest in a recent trend NEW YORK, NY — “Private equity has become the go-to buyer for power plants. Most recently American Electric Power agreed to sell four plants totaling 5,200 MW to a joint venture […]

Ohio GOP voters support green energy, efficiency programs and customer choice
Energy / Freeze on Clean Energy

Ohio GOP voters support green energy, efficiency programs and customer choice

COLUMBUS — “Ohio’s Republican voters and conservative independents are greener than state politicians might have believed. …In fact, most of these voters want a lot more renewable power in the mix, —  even if it raises their electric bills. Seventeen percent said they would pay $20 a month extra for renewable […]

The Davis Besse nuclear plant is among those covered by a proposed FirstEnergy settlement. 
Photo by Marc Haserodt / Creative Commons
AEP / Coal / Energy / FirstEnergy

Report: ‘Around market’ moves by Ohio utilities are part of larger trend

COLUMBUS — “Efforts by Ohio utilities to guarantee income for affiliated coal and nuclear operations are part of a broader trend, according to a new report by legal analysts. Starting in 2014, FirstEnergy, American Electric Power (AEP) and other companies sought to impose added fees on all customers of their […]