Ohio

IEEFA Research

IEEFA Report: ‘Natural Security’ Argument for Saving 2 Power Plants Is a Red Herring Meant to Distract From an Ohio Valley Electric Bailout

Keeping Kyger Creek and Clifty Creek on Life Support Would Cost Ratepayers $1.4 Billion; Market Conditions Will Continue to Undermine Viability of Aging Coal-Fired Plants; Public Resources Are Better Spent on Investing in Transition; Neither Generator Is Needed for Grid Stability

June 20, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a research brief questioning a bill in the Ohio legislature that would bail out two failing coal-fired power plants owned by the Ohio Valley Electric Corporation (OVEC) and keep the plants alive at huge expense to ratepayers. The plants […]

IEEFA Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

April 21, 2017 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’s Scheme to Protect Aging Power Plants in Ohio Will Cost Ratepayers $4 Billion

FirstEnergy’s Scheme to Protect Aging Power Plants in Ohio Will Cost Ratepayers $4 Billion

A Utility Company’s Subsidy Plan Ignores the New Energy Economy

We’ve published a report today that outlines in fresh detail how the proposed bailout of the Ohio utility giant FirstEnergy is a raw deal for ratepayers. Our report, “A $4 Billion Bailout in the Buckeye State,” concludes that the FirstEnergy scheme, if approved by the Pubic Utility Commission of Ohio, would cost ratepayers across northern […]

February 9, 2016 Read More →
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 →
Cost of Coal From Mine-Mouth Prairie State Plant Isn’t the Bargain That Was Promised

Cost of Coal From Mine-Mouth Prairie State Plant Isn’t the Bargain That Was Promised

Cost of Coal From Mine-Mouth Prairie State Plant Isnt the Bargain That Was Promised By Tom Sanzillo, Director of Finance, IEEFA

April 7, 2015 Read More →
2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus (pdf) By David Schlissel, Director of Resource Planning Analysis, Institute for Energy Economics and Financial Analysis

February 24, 2015 Read More →
Report: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers (Update)

Report: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers (Update)

  Report: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers Updated as of October 6, 2014 (pdf) By David A. Schlissel, Director of Resource Planning Analysis  

October 13, 2014 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 →
Report:  No evidence of a turnaround at Prairie State

Report: No evidence of a turnaround at Prairie State

No Evidence of a Turnaround at Prairie State (pdf) By David Schlissel, Director of Resource Planning Analysis

September 25, 2014 Read More →

More News and Commentary

Little Market Effect Expected in Ohio From Reversal of EPA’s Clean Power Plan

Midwest Energy News: Despite Scott Pruitt’s claim that “the war on coal is over,” clean energy advocates say repeal of the Clean Power Plan is unlikely to bring back coal jobs to Ohio or revitalize the state’s coal-fired power plants. “It doesn’t change the fact that coal-fired power is uneconomic in Ohio right now and […]

October 16, 2017 Read More →

Ohio: ‘Wind Is Our Shale’

Midwest Energy News: Two bills in the Ohio Senate aim to ease restrictions in a 2014 law that have effectively blocked the development of new commercial wind farms in the state. “We have stopped further development of wind projects in the state of Ohio while everyone else around the country seems to be progressing,” said […]

September 25, 2017 Read More →
IEEFA Update: FirstEnergy, Out of Step With the Times, Sells Gas and Hydro Assets to Shore Up Fading Coal-Fired Plants

IEEFA Update: FirstEnergy, Out of Step With the Times, Sells Gas and Hydro Assets to Shore Up Fading Coal-Fired Plants

As American Electricity Markets Modernize, an Ohio Utility Company Stays the Same

If there’s a standout feature in today’s fast-changing electricity-generation landscape, it’s that coal-fired and nuclear power plants cannot compete with those that run on natural gas or renewable energy. This will remain the case for the foreseeable future, as gas prices are projected to stay low and renewable energy prices continue to drop. Part of […]

September 21, 2017 Read More →

A Move to End Ohio’s War on Wind

Toledo Blade: Arguing that Ohio is losing millions in potential business investment, state Sen. Cliff Hite (R., Findlay) introduced a bill Thursday to loosen property setback restrictions imposed three years ago on the siting of new wind farms. “We’re trying to make this so that those who want wind projects can [move forward],” Mr. Hite […]

September 18, 2017 Read More →
IEEFA West Virginia: If Power Plant Is So Valuable, Why Is FirstEnergy Seeking to Transfer All the Risk to Ratepayers?

IEEFA West Virginia: If Power Plant Is So Valuable, Why Is FirstEnergy Seeking to Transfer All the Risk to Ratepayers?

An Eagerness to Sell Masks a Strategy to Leave Customers Holding the Bag

If its Pleasants Power Station is as valuable as FirstEnergy Corp. has told the West Virginia Public Service Commission that it is, why is the company so determined to push the ownership risks of it onto ratepayers? That question was at the heart of much of the testimony presented to the commission this past Friday […]

August 28, 2017 Read More →

FirstEnergy Falters in Ohio Campaign for Bailout of Its Failing Power Plants

Cleveland Plain Dealer: Neither the Trump administration nor Gov. John Kasich is inclined to give FirstEnergy’s struggling power plant company a free pass around competition, even as the number of competitors is increasing and the subsidiary faces bankruptcy. FirstEnergy Solutions, the unregulated power plant subsidiary that does business in wholesale and retail markets, is negotiating […]

August 23, 2017 Read More →

Plea for 2-Year Moratorium on U.S. Coal Plant Closings Lands With a Thud

Associated Press: The Trump administration has rejected a coal industry push to win a rarely used emergency order protecting coal-fired power plants, a decision contrary to what one coal executive said the president personally promised him. The Energy Department says it considered issuing the order sought by companies seeking relief for plants it says are […]

August 22, 2017 Read More →

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 →

Ohio, ‘for Ideological and Political Reasons,’ Ranks 46th in Utility-Scale Wind Capacity

Cleveland Plain Dealer: Ohio businesses, farmers and industries have been installing small, medium and even large wind turbines for more than a decade, and the state is now ranked sixth in the nation for the amount of power these turbines can generate for on-site use or nearby delivery. In an annual market report issued this […]

August 14, 2017 Read More →

Commentary: U.S. Policymakers Asleep at the Midwestern Wind Potential Switch

American Prospect: Offshore wind epitomizes the unrealized promise of economic redevelopment policies for America’s heartland based on renewable energy. For starters, China has a serious industrial and targeted trade policy for capturing global markets and supply chains in wind (and solar), and the United States doesn’t. China subsidizes production of turbines, plays hardball with parts […]

August 1, 2017 Read More →