FirstEnergy Asks for $4.5 Billion to Stay in Ohio

Akron, Ohio-based FirstEnergy made its latest proposal (Case No. 14-1297-EL-SSO) on August 29 to the Public Utilities Commission of Ohio (PUCO), continuing a two-year effort to shift the financial risks of operating two of its generating plants away from the company’s subsidiaries – Ohio Edison, Cleveland Electric Illuminating, and Toledo Edison – and to their 2.2 million ratepayers in the Buckeye State

Dynegy Jumps into FirstEnergy, AEP ‘Bailout’ Fray

“In response to the exorbitant and counter-productive subsidies currently under consideration for FirstEnergy and American Electric Power (AEP),” Houston-based Dynegy announced on January 12 that it is offering two counter-proposals to the Public Utilities Commission of Ohio (PUCO) that it claims “will save the state’s … Read more…

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