FirstEnergy

Throwing yet another twist into a long-running saga, the Federal Energy Regulatory Commission (FERC) on April 27 blocked a pair of power purchase agreements (PPAs) that would have supported continued operation of FirstEnergy’s Davis-Besse nuclear plant and several aging coal-fired plants belonging to FirstEnergy and AEP. The Pubic Utilities Commission of Ohio approved the PPAs […]

Setting the stage for a drawn-out fight with ratepayer groups and other generators, the Public Utilities Commission of Ohio (PUCO) on March 31 approved proposals from FirstEnergy and American Electric Power (AEP) that will provide guaranteed income to FirstEnergy’s Davis-Besse nuclear plant (Figure 1) and several aging coal-fired plants belonging to it and AEP. 1. […]

The month-old agreements that seemed to provide a lifeline for an array of coal-fired and nuclear power plants in Ohio owned by American Electric Power (AEP) and FirstEnergy have come under attack by other generators who say they can meet the demand at a lower cost to state taxpayers. AEP reached an eight-year power-purchase agreement (PPA) […]

FirstEnergy Corp., which may enter into a settlement with Ohio to safeguard the future of its Davis-Besse nuclear plant—a deal critics have blasted as “corporate welfare”—just got the Nuclear Regulatory Commission’s permission to operate the 1978-built reactor until 2037. The 20-year license extension marks a milestone for Akron-headquartered FirstEnergy, which has warned it might have […]

When I started working in the energy industry in 1999, I had a conversation one day with Adam, a researcher who was writing a report for utilities that were marketing “green energy” programs. At the time, customers’ ability to purchase solar- or wind-generated electrons was limited to fewer utilities, and those companies were looking for […]

As it decided in a February case involving American Electric Power (AEP), the Public Utilities Commission of Ohio (PUCO) has denied Duke Energy Ohio’s request to charge ratepayers for power from two aging coal plants owned by the Ohio Valley Electric Corp. (OVEC).  In an April 2 order, the state regulator approved the Duke Energy […]

A couple of recently released reports offer some hope for the future of nuclear power plants operating on the fringe of profitability. Moody’s Investors Service suggests that the U.S. Environmental Protection Agency’s (EPA’s) Clean Power Plan “could increase the value of nuclear power as a non-carbon emitting generation source.” In its report, “Environmental Mandates and […]

American Electric Power’s (AEP’s) Ohio unit has asked the state’s Public Utilities Commission for permission to essentially charge customers for costs to operate nine unregulated coal-fired units, a move the company says will address market volatility and ensure the economic viability of Ohio’s generation.  AEP Ohio on Oct. 3 proposed an “expanded” power purchase agreement […]