October 6, 2024

FirstEnergy

Stakeholder Soapbox: The Ripple Effects of Subsidizing Monopolies
The Environmental Defense Fund's Dick Munson argues against state regulators providing subsidies to companies to prop up their failing generating assets.
FirstEnergy Wants out of Competitive Generation
With unprofitable power plants dragging down its bottom line, FirstEnergy (NYSE:FE) says it is calling it quits on competitive generation.
AEP Turns Away from Generation to Transmission, PPAs
American Electric Power (NYSE:AEP) reported a $766 million third-quarter loss after writing down the value of its generation by $2.3 billion.
PUCO Rejects FirstEnergy’s $558M Rider, OKs $132.5M
PUCO rejected the FirstEnergy (NYSE:FE) request for a $558 million annual subsidy for eight years, awarding only $132.5 million annually for three years.
PJM Markets and Reliability and Members Committees Briefs
A summary of issues discussed and measures approved by the PJM Markets and Reliability Committee and the Members Committee on Sept. 29, 2016.
PJM Markets and Reliability and Members Committees Preview
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and the Members committee Thursday, September 29th.
NJ Opposition Derails FirstEnergy’s Tx Reorganization — but not Projects
FirstEnergy announced Thursday it is withdrawing its request for state public utility designation for its all-transmission spin-off.
RTO Insider Top 30: Revenues, Earnings Down in Q2
The second quarter wasn’t a great one for most companies in the RTO Insider Top 30, as revenues declined 2% compared with 2015 while profits dropped 15%.
PJM Planning Committee and TEAC Briefs
The PJM Planning Committee and Transmission Expansion Advisory Committee (TEAC) considered the loss of the Quad Cities nuclear plant and discussed Order 1000 rules, $1.1 billion in end-of-life projects for PSE&G and the third RTEP window of the year.
FirstEnergy Posts $1.1B Loss, Eyes Exit from Merchant Generation
FirstEnergy posted a $1.1 billion second-quarter loss, much of it related to the pending closure of five coal-fired units.

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