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July 3, 2024

FirstEnergy

© RTO Insider LLC
PJM Sees Additional $603M ‘Data Center Alley’ Transmission Spend
Dominion Energy plans $603 million in additional transmission spending to serve the unprecedented growth of data centers near Dulles Airport in Virginia.
FirstEnergy
FirstEnergy Spending $1.5B on Transmission Projects this Year
FirstEnergy's "Energizing the Future" spending plan to update its 24,000 miles of transmission lines and substations is paying off with higher profits.
Ɱ, CC BY-SA 4.0, via Wikimedia Commons
Ohio Lawmakers Propose Bill to Ensure Public Represented on PUC
Lawmakers introduced legislation to alter the composition of Ohio's PUC by requiring the governor to appoint one member chosen by the Ohio Consumers' Counsel.
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy Shareholders Approve Smaller Board of Directors
Shareholders at FirstEnergy’s virtual annual meeting approved a smaller board of directors and rejected two proposals by activists.
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DC Circuit Reverses FERC on PATH Refunds
Reversing FERC, the D.C. Circuit ruled that developers of the abandoned PATH transmission line must refund $6 million spent to influence public officials.
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FirstEnergy Announces $3.4 Billion in New Equity Financing
FirstEnergy announced $3.4 billion in new equity financing from two global investors that it believes will position it for long-term EPS growth of 6 to 8%.
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy Close to Selling Minority Interest in its Transmission Co.
FirstEnergy could announce within weeks the sale of a minority interest — as much as 20% — in its 24,000 mile transmission system.
DangApricot, CC BY-SA 3.0, via Wikimedia Commons
FERC Authorizes Icahn Employees for First Energy Board
FERC authorized two Icahn Capital employees to have voting rights on the FirstEnergy Board of Directors.
AEP
TOs Won’t Give up RTO Adder Without a Fight
Utilities are seeking Congressional help to defeat FERC’s proposal to eliminate the transmission rate adder for remaining in RTOs.
FirstEnergy Seeking Deal with DOJ in Bribery Case
FirstEnergy has disclosed it is negotiating with the U.S. Department of Justice regarding its role in a $60 million bribery and racketeering scheme.

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