November 22, 2024

FirstEnergy

© RTO Insider LLC
DC Circuit Reverses FERC on PATH Refunds
Reversing FERC, the D.C. Circuit ruled that developers of the abandoned PATH transmission line must refund $6 million spent to influence public officials.
© RTO Insider LLC
FirstEnergy Announces $3.4 Billion in New Equity Financing
FirstEnergy announced $3.4 billion in new equity financing from two global investors that it believes will position it for long-term EPS growth of 6 to 8%.
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy Close to Selling Minority Interest in its Transmission Co.
FirstEnergy could announce within weeks the sale of a minority interest — as much as 20% — in its 24,000 mile transmission system.
DangApricot, CC BY-SA 3.0, via Wikimedia Commons
FERC Authorizes Icahn Employees for First Energy Board
FERC authorized two Icahn Capital employees to have voting rights on the FirstEnergy Board of Directors.
AEP
TOs Won’t Give up RTO Adder Without a Fight
Utilities are seeking Congressional help to defeat FERC’s proposal to eliminate the transmission rate adder for remaining in RTOs.
FirstEnergy Seeking Deal with DOJ in Bribery Case
FirstEnergy has disclosed it is negotiating with the U.S. Department of Justice regarding its role in a $60 million bribery and racketeering scheme.
FirstEnergy Names Chief Ethics and Compliance Officer
FirstEnergy Corp. has named Antonio Fernández as vice president and chief ethics and compliance officer effective April 12.
Icahn Capital Given 2 Seats on FirstEnergy’s Board
FirstEnergy announced it had reached an agreement with Icahn Capital to add two of the conglomerate’s employees as new members to the utility’s board.
FirstEnergy Shares Jump on Icahn Investment
FirstEnergy updated investors on the ongoing investigation into House Bill 6 and disclosed investor Carl Icahn is looking to acquire a stake in the company.
MOPR, COVID Drive 2020 Policies in PJM
COVID-19 was the defining problem of 2020 as PJM worked to overcome difficulties in coordinating deliberations on a host of issues, including the MOPR.

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