Despite announcing the closure of four units at an Ohio coal plant, the amount of money FirstEnergy could recover from customers in new charges has now ballooned to more than $8 billion.
Environmental and consumer advocates joined with energy companies last week in asking federal regulators to reject FirstEnergy’s revised plan to impose a mandatory surcharge on all of its utility distribution customers in Ohio.
FirstEnergy’s latest attempt to recast its Ohio plan to guarantee income for certain power plants remains fatally flawed in the eyes of challengers and other critics.
Ohio utilities are likely to urge an end to the state’s current competitive market for generation and take other actions in the wake of federal regulators’ decision this week to halt wholesale electric deals for affiliates’ less competitive plants.
An Ohio utility’s pursuit of a lifeline for an aging nuclear plant comes at a time when both economics and public opinion are aligning against nuclear power.
Despite unanimous approval by Ohio regulators last week, opponents of income guarantees for two utilities’ power plants still have multiple avenues to challenge the plans.
FirstEnergy’s plan to guarantee profits for certain nuclear and coal power plants isn’t just bad for competition in the energy sector, but for Ohio overall, say challengers.
FirstEnergy’s latest filings with Ohio regulators seek to limit what challengers can say in arguing against a plan to guarantee profits for certain power plants.
New court cases and filings with the Federal Energy Regulatory Commission could derail FirstEnergy and American Electric Power’s plans to guarantee sales to affiliated power plants, even if Ohio regulators approve the deals.
As Ohio regulators prepare to resume testimony on FirstEnergy’s bid to have all utility customers guarantee sales for certain power plants, another competitor says it can offer a better deal.