Ohio-PUCO

IEEFA Research

IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

Update: FirstEnergy Piles Insult Onto Billions of Dollars in Injury by Threatening to Move Its Headquarters From Akron

Call me old-fashioned, but I’ve always thought investor-owned electric utilities were set up to provide power to consumers who paid for what they got.    In states where electricity is deregulated, utility companies compete for customers—just like any other business does. And in states where utilities are regulated, public-utility commissions determine how rates are set […]

August 24, 2016 Read More →
Report: FirstEnergy Seeks a Subsidized Turnaround

Report: FirstEnergy Seeks a Subsidized Turnaround

FirstEnergy: A Major Utility Seeks a Subsidized Turnaround (pdf) By Tom Sanzillo, Director of Finance and Cathy Kunkel, Fellow Institute for Energy Economics and Financial Analysis

October 6, 2014 Read More →

More News and Commentary

Ohio Regulators Let Stand FirstEnergy’s $1 Billion Coal and Nuclear Bailout

Cleveland Plain Dealer: The Public Utilities Commission of Ohio today rejected multiple appeals of its October 2016 ruling giving FirstEnergy an extra $204 million a year for up to five years, officially for upgrades to the company’s local wires and substations, but say opponents, actually allowing the company to use the money in any way […]

August 17, 2017 Read More →

Op-Ed: No to Ratepayer-Finance Bailouts in Ohio

Columbus Dispatch: Using more electricity means your monthly utility bill goes up. And using less means your bill goes down, right? That’s what you’d expect, but that’s not what Ohio households will experience if the state’s Public Utilities Commission goes along with new proposals from the state’s leading utility companies. AEP Ohio, Duke Energy, and […]

April 24, 2017 Read More →

FirstEnergy Seeks Increases So It Can Save Its Credit Rating

Kathiann M. Kowalski for Midwest Energy News: In addition to recent moves to seek re-regulation to limit competition in Ohio’s electricity markets and to back out of a major contract for half a million customers, FirstEnergy told state regulators this week that more than $200 million in annual charges wasn’t nearly enough to prop up […]

November 18, 2016 Read More →

Even With Its Vast Plentitude of Ratepayer Subsidies, FirstEnergy Is Failing

Dan Shingler for Crian’s Cleveland Business: Chuck Jones needs to find about $200 million. That’s roughly the amount that Jones, CEO of Akron-based FirstEnergy Corp., says he needs to find in cost savings to preserve his company’s credit rating — and ultimately to stay independent. It will mean cuts to FirstEnergy’s expenses. That includes payroll, […]

October 31, 2016 Read More →

More Fallout Around FirstEnergy Bailout in Ohio

Kathiann M. Kowalksi for Midwest Energy News: The PUCO’s 190-page order and opinions last week rejected FirstEnergy’s modified request, but nonetheless imposed on customers a charge of $132.5 million per year, plus whatever corporate taxes would have to be paid, for a total of about $204 million per year. It seems likely one or more […]

October 18, 2016 Read More →
IEEFA Ohio: FirstEnergy’s Bailout Plan Is Paying Off (for FirstEnergy)

IEEFA Ohio: FirstEnergy’s Bailout Plan Is Paying Off (for FirstEnergy)

Ohio Regulator Nod on $600 Million to $1 Billion in Ratepayer Subsidies Presages a Similar Campaign in West Virginia

The Public Utility Commission of Ohio this week gave FirstEnergy a much smaller bailout than the company wanted. But it’s still a bailout. We expect opponents—including consumer and environmental organizations, industrial electricity customers and other power producers in Ohio—to appeal the PUCO decision to the Ohio Supreme Court. These groups will probably ask the Federal […]

October 14, 2016 Read More →

‘First Energy Gets a Bailout, But Not the One It Was Hoping For’

Dan Shingler for Crain’s Cleveland Business: Sometimes, “no” is better than “nothing,” and that’s likely the case with the Public Utilities Commission of Ohio’s Oct. 12 ruling on Akron-based FirstEnergy Corp.’s request for subsidies of its old coal-fired plants in Ohio. The PUCO rejected FirstEnergy’s request for a “retail rate stability rider” that would have […]

October 13, 2016 Read More →
IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

Update: FirstEnergy Piles Insult Onto Billions of Dollars in Injury by Threatening to Move Its Headquarters From Akron

Call me old-fashioned, but I’ve always thought investor-owned electric utilities were set up to provide power to consumers who paid for what they got.    In states where electricity is deregulated, utility companies compete for customers—just like any other business does. And in states where utilities are regulated, public-utility commissions determine how rates are set […]

August 24, 2016 Read More →

FirstEnergy Doubles Its Ohio Bailout Ask, to $8 Billion

Kathiann M. Kowalski for Midwest Energy News: Despite announcing the closure of four units at an Ohio coal plant it initially sought to protect, the amount of money FirstEnergy could recover from customers in new charges has now ballooned to more than $8 billion, according to a recent filing. FirstEnergy still wants a non-bypassable charge […]

July 28, 2016 Read More →

Regional Auction Raises Questions About FirstEnergy’s Intentions for Coal-Fired Power Plants

John Funk for the Cleveland Plain Dealer: FirstEnergy would not discuss the fate of its power plants Tuesday night in the annual 13-state auction that grid manager PJM held to identify the most economic power plants that will still be operating in 2019. A flock of new gas-fired power plants jumped into the PJM competition […]

May 25, 2016 Read More →