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IEEFA Update: In Ruling Against Another Bailout Scheme by FirstEnergy, FERC Strikes a Blow Worth Hundreds of Millions for Ratepayers

IEEFA Update: In Ruling Against Another Bailout Scheme by FirstEnergy, FERC Strikes a Blow Worth Hundreds of Millions for Ratepayers

More Bad News for an Out-of-Step Electricity Company Struggling to Stave Off Bankruptcy

By rejecting a bailout maneuver last week in West Virginia by Ohio-based FirstEnergy, the Federal Energy Regulatory Commission last week ended up protecting Mon Power and Potomac Edison customers from incurring hundreds of millions of dollars of unnecessary costs over the next 15 years. FirstEnergy’s scheme would have transferred the Pleasants Power Station, which is […]

January 16, 2018 Read More →

Idaho Company Seeks Federal Intervention in State’s Refusal to Give Battery-Storage Project 20-Year Contract

Associated Press: An Idaho-based energy development company is asking federal authorities to declare state regulators in violation of a law intended to promote alternative energy in a case that could have far-reaching ramifications for emerging battery-storage technologies. Franklin Energy is seeking to build a $200 million lithium-ion battery storage facility in Twin Falls County. It […]

January 16, 2018 Read More →

Ohio Utilities Consider Next Steps Following FERC Subsidy Decision

WKSU: Ohio utilities are considering their next steps after federal regulators knocked down a measure that would have allowed subsidies for struggling power plants. But, there are still options from state lawmakers. The proposal would have allowed utilities to charge their customers an extra fee to help prop up power plants that struggle to compete […]

January 10, 2018 Read More →

IEEFA Update: Markets Speak Louder Than Words — Federal Regulator Rejects U.S. Plan to Subsidize Coal and Nuclear Plants

Trump's Own Panel Says Grid is Operating Reliably as More Renewables and Natural Gas are Added

The Federal Energy Regulatory Commission’s (FERC) stunning decision yesterday to reject Department of Energy Secretary Rick Perry’s plan to subsidize operations of financially vulnerable coal plants shows just how powerfully energy markets in the United States are shifting. FERC said the evidence does not support Perry’s claim that retiring more coal and nuclear plants would […]

January 9, 2018 Read More →

FERC Rejects Perry’s Coal, Nuclear Subsidy Plan

AP: An independent energy agency on Monday rejected a Trump administration plan to bolster coal-fired and nuclear power plants, dealing a blow to President Donald Trump’s efforts to boost the struggling coal industry. The decision by the Republican-controlled Federal Energy Regulatory Commission was unexpected and comes amid repeated promises by Trump to revive coal as […]

January 9, 2018 Read More →

FERC Data Show Coal, Nuclear Capacity Dropping, While Renewables Surge

North American Clean Energy: In the latest issue of its “Energy Infrastructure Update” (with data through November 30, 2017), the Federal Energy Regulatory Commission (FERC) notes that proposed net additions to generating capacity by utility-scale wind and solar could total 115,984 megawatts (MW) by December 2020—effectively doubling their current installed capacity of 115,520 MW. At […]

January 8, 2018 Read More →

Cold Snap Leads to Hot Debates Over Bailouts for Coal and Nuclear

Bloomberg: Just about the only thing heating up in the eastern half of the U.S. right now is the debate over what power source should be trusted to keep homes warm and the lights on. There are 99 nuclear generating units in the U.S. and every one of them is currently operating — “an incredible […]

January 3, 2018 Read More →

U.S. Coal Industry Bailout Plan Would Cost Customers as Much as $288 Billion

SNL: The U.S. Department of Energy’s proposal to prop up financially struggling coal and nuclear plants by ensuring they can recover all their costs would carry a big price tag for consumers, according to the PJM Interconnection’s independent market monitor and other stakeholders. Many market participants already have voiced strong opinions, and costs are a […]

October 25, 2017 Read More →

U.S. Bailout Proposal Gets Coal Lobby’s Support, and a Thumbs Down From Everyone Else

Washington Examiner: The coal and nuclear industries made a big, last-minute sell on why the Federal Energy Regulatory Commission should approve a proposed rule from Energy Secretary Rick Perry that would prop them up, as the comment period on the proposal ended at midnight. The coal groups argue that FERC must employ its Federal Power […]

October 24, 2017 Read More →

U.S. Plan to Aid Coal and Nuclear Plants Gets a Bipartisan Thumbs Down From Past Regulators

Washington Post; Energy Secretary Rick Perry’s bid to change regulations to help coal and nuclear power plants has run into unusually blunt opposition from a group of former regulators from both parties. Eight former members of the Federal Energy Regulatory Commission — including five former chairmen — have filed a letter with the commission opposing […]

October 20, 2017 Read More →