AEP

IEEFA Research

In Ohio, AEP and FirstEnergy Adopt an Audacious Strategy That Could Cost Ratepayers Dearly

In Ohio, AEP and FirstEnergy Adopt an Audacious Strategy That Could Cost Ratepayers Dearly

A Model First Established in West Virginia Is Being Pushed Now in the Buckeye State

We’ve posted a research note today that explains how reregulation schemes in Ohio by FirstEnergy and AEP bear a striking resemblance to one approved in West Virginia that resulted in a recent push to raise electricity rates by 12.5 percent. The gist of our memo, “West Virginia Bailout Emboldens FirstEnergy and AEP in Ohio,” is […]

October 21, 2015 Read More →
Report: Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants

Report: Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants

Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants (pdf)      

July 30, 2013 Read More →

More News and Commentary

Proposed Bailout of Two Power Plants in Ohio Loses Momentum

Columbus Dispatch: A proposal to subsidize two coal-fired power plants is no longer on a fast track and might not pass at all. This is a shift from last month, when House Bill 239 seemed to be moving quickly toward becoming law, despite opposition from consumer and environmental groups. The Ohio House Public Utilities Committee […]

June 21, 2017 Read More →

A Fresh Push by Ohio Utilities Seeking Bailouts for Old Power Plants

Cleveland Plain Dealer: A power struggle has erupted in the Statehouse pitting Ohio’s traditional electric utilities against new independent power producers, as well as consumer, environmental and business groups wary of rate increases. The outcome will have an impact not only on what consumers will pay for power in the future, but also on the […]

June 19, 2017 Read More →

U.S. Utility Giant AEP Sees Too Much Risk in Coal-Fired Generation

Green Tech Media: Coal’s market share is changing for several reasons, AEP President and CEO Nicholas Akins told NPR this weekend. “Our investors certainly expect us to really focus on sustainability and de-risk our business,” he said. “So we continue to focus on that. Secondly, from a customer standpoint, there’s an expectation that we move […]

June 6, 2017 Read More →

How Ohio Utilities Perpetuate Their Failing Business Models

Midwest Energy News: With Ohio’s energy and energy efficiency standards again under attack, a new policy paper from Ohio State University attributes the lion’s share of electricity cost increases since 2008 to utilities and provisions that insulate them from full competition. None of Ohio’s transmission and distribution utilities have moved to the Market Rate Offers […]

March 14, 2017 Read More →

Ohio Energy Decisions ‘at a Boiling Point’

By Andy Chow for WOSU: Ohio’s largest energy companies are trying to figure out what they’re going to do with their coal power plants as they navigate through a vital time in the utilities industry. For the final installment of his three-part series, Statehouse correspondent Andy Chow explores the different paths those utilities can take […]

May 19, 2016 Read More →

FirstEnergy Throws a Hail Mary Pass in Its Campaign to Keep Aging Power Plants Alive


Scrambling for an End Run Around a Federal Road Block


FirstEnergy plugs away in zombie-like fashion at its undying effort to make ratepayers pick up the tab on aging electricity plants whose time has passed. Despite having been delivered a major setback last week by the Federal Energy Regulator Commission, FirstEnergy is scrambling now for an end run around FERC, even as AEP—similarly hobbled by […]

Blocked on Its Ohio Bailout, FirstEnergy Tries a Regulatory End Run

John Funk for the Cleveland Plain Dealer: FirstEnergy now wants Ohio regulators to forget about the “power purchase agreements” they approved to save the company’s old power plants — but at the same time allow the company to keep the monthly customer surcharges that the PPAs were designed to produce. In a move that appears […]

May 3, 2016 Read More →

With Bailouts Under Federal Scrutiny, Ohio Utilities ‘Look to Legislature’

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. On Wednesday, the Federal Energy Regulatory Commission announced it would require commission scrutiny before American Electric […]

April 29, 2016 Read More →

FERC Intercedes in Proposed Bailout of Ohio Utilities

Dan Gearino for the Columbus Dispatch: Federal regulators dealt a blow to Ohio utility profit guarantees on Wednesday, saying the plans cannot go into effect until after a review of whether federal rules are being violated. The Federal Energy Regulatory Commission asserted its authority in a pair of orders, finding that the plans are not […]

April 28, 2016 Read More →
Institutional Investors Are Walking Away From Ohio Utility Companies That Insist on Coal

Institutional Investors Are Walking Away From Ohio Utility Companies That Insist on Coal

Hundreds of Millions of Dollars in Divestment From One Fund Alone

Utilities in Ohio and West Virginia clinging stubbornly to coal-fired power plants for electricity generation are finding the strategy backfiring in a way they might not have anticipated. Some of the world’s biggest investors are saying no thank you to enterprises so deeply—and dangerously—attached to coal. They include Norway’s Government Pension Fund Global, or GPFG, […]

April 22, 2016 Read More →