Ohio
A plan pending before the Ohio Legislature could divert ratepayer funds away from renewable resources to subsidize nuclear and fossil fuel plants.
As part of its bankruptcy filing, FirstEnergy Solutions has requested the authority to end its long-held “sponsorship” of the Ohio Valley Energy Corp (OVEC).
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.
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.
PJM joined more than a dozen other parties in calling for a FERC review of power purchase agreements that would provide FirstEnergy and AEP a guaranteed return for their struggling generating stations in Ohio.
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