Post Tagged with: "utility bailouts"

Boston firm battles Ohio utilities over re-regulation
Utilities

Boston firm battles Ohio utilities over re-regulation

BOSTON, MA — “The Boston-based company developing five natural gas-fired power plants under construction or planned in Ohio is fighting Ohio’s investor-owned electric utilities over re-regulation, Kallanish Energy finds. Bill Siderewicz, president of Clean Energy Future, is strongly opposed to a controversial proposal to re-regulate Ohio utilities, a move that could […]

Ohio voters want energy choice, oppose return to monopoly utilities
AEP / Energy / FirstEnergy

Ohio voters want energy choice, oppose return to monopoly utilities

CLEVELAND — “Efforts by the state’s traditional monopoly power companies to persuade lawmakers to scrap competitive markets and return to a fully regulated system could run afoul of an important political player — voters. A telephone survey conducted in January by Fallon Research and Communications, of Columbus and Washington, D.C., found […]

DP&L considering closing two power plants
Coal / Dayton Power & Light

DP&L considering closing two power plants

DAYTON — “Dayton Power & Light Inc. is considering closing two coal-fired power-generating stations near the Ohio River, company officials said. ‘As part of DP&L’s electric security plan (ESP) filing at the Public Utilities Commission of Ohio, the company is involved in ongoing discussions to find sustainable solutions to market-driven […]

Deregulation shaved $15 billion from Ohio electric bills, lawmakers to meet Friday to re-regulate
AEP / Energy / FirstEnergy / Ohio Utility Bailouts

Deregulation shaved $15 billion from Ohio electric bills, lawmakers to meet Friday to re-regulate

CLEVELAND, Ohio — Consumers, businesses and industries saved $15 billion on electricity between 2011 and last year and are on course to save the same amount by 2020, the Northeast Ohio Public Energy Council, or NOPEC, said today. The claim is based on joint research and statistical analysis completed for […]

DP&L pushes law that would let state raise rates
Energy / Utilities

DP&L pushes law that would let state raise rates

DAYTON — “Dayton Power and Light is lobbying state legislators to amend existing law that would allow the Public Utilities Commission of Ohio to raise electric rates if a utility’s financial integrity is at stake. If passed, the PUCO could raise or modify rates ‘if the (PUCO) finds that 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.
Energy / FirstEnergy

Nuclear industry looks to reshape image

It can help meet carbon reduction goals but can’t compete on cost TOLEDO — “Crippled by a historic, game-changing fracking revolution that has imploded energy markets across the world, the U.S. nuclear industry is trying harder than ever to market itself as an irreplaceable ally in the war against climate […]

FirstEnergy could sell or close additional boilers at its last coal-fired power plant in Ohio, the W.H. Sammis plant on the Ohio River, if it cannot persuade the state to return to regulating electric companies and setting power prices. The company's old coal and nuclear power plants cannot always make power as cheaply as new gas-fired plants, which are now dominating wholesale market prices. (credit: Plain Dealer file)
FirstEnergy / Utilities

FirstEnergy to sell or close power plants if Ohio, Pennsylvania do not return to regulated rates

CLEVELAND — “FirstEnergy has decided to get out of the competitive electricity business, and will sell or close its big coal and nuclear power plants within 18 months unless Ohio and Pennsylvania return to regulating them and setting prices or create a regulation-like structure for them. ‘We are not going […]

FirstEnergy joining AEP push to pull back on open market in Ohio
AMP / Energy / FirstEnergy

FirstEnergy joining AEP push to pull back on open market in Ohio

COLUMBUS — “Akron-based FirstEnergy Corp. says it will work the Ohio legislature to regulate its power plants, something its Columbus counterpart has been working on since July. … FirstEnergy (NYSE:FE) will begin its lobbying this week after the election. AEP and FirstEnergy are the two biggest electric utilities in the […]

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

FirstEnergy says strategic options include sale of 13 power plants

AKRON — “FirstEnergy Corp. is undertaking a ‘strategic review’ of its competitive generation business that could lead to selling off as many as 13 power plants, including its three nuclear plants, where nearly 3,000 people work, its chief executive officer said Friday. ‘The fact is, competitive generation is weighing down […]

The Davis-Besse nuclear power plant.
Energy / FirstEnergy

FirstEnergy hopes to move its power plants back under regulated rates, customer prices could increase

AKRON — “FirstEnergy Corp. plans to begin lobbying Ohio lawmakers and regulators as early as next week to make it possible for the company to move its power plants back under regulation — with rates set by the state rather than competition. …Trade publications and analysts’ notes to investors in recent […]