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PUCO staff has proposed a new rider for FirstEnergy in order to maintain the company’s investment-grade credit rating.
PUCO agreed to hear FirstEnergy's arguments for why it should be able to withdraw its controversial power purchase agreement and substitute a new plan.
After a yearlong battle to win approval from Ohio regulators for their controversial PPAs, FirstEnergy and AEP Ohio want to start over.
FERC rescinded waivers it granted AEP and FirstEnergy, meaning their controversial PUCO PPAs will be subject to the commission’s affiliate abuse test.
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.
Independent power producers and EPSA jointly filed complaints with FERC against power purchase agreements FirstEnergy and AEP have proposed to Ohio.
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