FirstEnergy
FirstEnergy supports the DOE's call to support nuclear and coal-fired units, but that won’t stop the company from selling off its merchant generation fleet.
The Public Utilities Commission of Ohio (PUCO) rejected challenges to their order awarding FirstEnergy a subsidy worth more than $600 million.
The RTO Insider Top 30 collectively had a good second quarter, but nearly half the companies turned in worse bottom-line performances than a year ago.
FirstEnergy CEO Chuck Jones said that he thinks the “country is heading for a disaster” because of its over-reliance on natural gas for generating power.
In response to a request for comments on paths to reconciling policies and wholesale markets, PJM officials told FERC they are pursuing three initiatives.
Most of the $280-million bill for the PJM Artificial Island project would shift from DE to NJ and PA under alternative cost allocations released Friday.
More than two-thirds of companies in the RTO Insider Top 30 posted year-over-year revenue and net income increases in the first quarter.
FirstEnergy is encouraged by new support for nuclear and coal-fired plants, but the company will not change its plan to divest its merchant generation.
The CEO of FirstEnergy said the company plans to seek subsidies - zero-emission credits (ZECs) - for its Ohio nuclear plants to make them attractive to buyers.
FERC ordered AEP and FirstEnergy to refund more than $6 million they recovered from ratepayers for the canceled PATH project in PJM.
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