Bailout

EPA Proposes New Limits On Emissions From Coal-Fired Plants

A mega utility from Ohio is appealing to the Trump administration for an unprecedented $8-billion, ratepayer-funded bailout, even pointing to a 1950s Korean War Act for relief. It’s FirstEnergy’s last-ditch appeal after losing previous efforts to prop up a fleet of failing coal and nuclear plants. The company’s Washington-based lobbyists have the ears of Energy… Keep reading →

American Electric Power's (AEP) Mountain

You have to give some credit to FirstEnergy. It does hire creative lawyers. After the Federal Energy Regulatory Commission (FERC) effectively killed the utility giant’s $4-billion bailout request to keep its uneconomic power plants online, those expensive attorneys figured they could redefine a few words andrestore the subsidies. In an attempt to thwart FERC’s decision,… Keep reading →

FirstEnergy Can’t Hide Any Longer

Gulf Coast Still Reeling From Aftermath Of Hurricane Katrina

Over the past few months, I have written a good deal about FirstEnergy, the massive electric utility serving customers across six states, and specifically its attempts to saddle Ohioans with the cost of its risky investments. The company has asked the Public Utility Commission of Ohio (PUCO) to guarantee profits for its uneconomic power plants… Keep reading →