FirstEnergy remains confident in its earnings projections despite lower electricity demand and the likelihood of a recession from the coronavirus pandemic.

The Public Utilities Commission of Ohio approved Suvon, doing business as FirstEnergy Advisors, as a competitive retail electric service provider.

FERC approved FirstEnergy Solutions’ bankruptcy plan by allowing investment funds to convert secured and unsecured bond claims into a 50% equity stake.

FERC said its revised interpretation of accounting rules supports a rehearing request from developers of the abandoned PATH transmission project.

PJM’s Planning Committee will consider whether the RTO must develop document language to deal with mitigation of existing and future infrastructure.

PJM staff unveiled to the Planning Committee a proposed new fee structure for a more involved cost-containment process.

PJM’s Merchant Transmission and Offshore Wind Task Force will soon bring potential rule changes for offshore wind development to the Planning Committee.

Ohio lawmakers are being asked to trade ratepayer-funded renewable energy mandates for the jobs and carbon-free energy of FirstEnergy’s nuclear plants.

The Ohio Supreme Court overturned a 2016 decision by regulators that netted FirstEnergy extra revenue through a distribution modernization rider.

Top utility executives urged PJM’s Board of Managers to act on price formation at its Feb. 12 meeting after stakeholders deadlocked on the issue last week.