Energy News for the Ohio Market

PUCO orders utilities to cut rates after tax cut

By: Thomas Gnau |

The Ohio body regulating utilities is directing those utilities to lower rates in light of last year’s federal corporate income tax cut — a process several utilities have already started.

“The PUCO (Public Utilities Commission of Ohio) warned of penalties for utilities that fail to initiate the process for rate […]

2018-10-26T12:26:11-05:00October 26th, 2018|Ohio Market|

AEP Ohio customers to receive millions in bill credits and rate reductions from settlement

By: Chris White |

AEP Ohio has filed a settlement that would give customers over $600 million in customer benefits from tax savings.

The electric company says the settlement was filed with the Public Utilities Commission of Ohio (PUCO). The settlement outlines $607 million in customer benefits from tax savings created by the Tax […]

2018-09-28T09:25:23-05:00September 28th, 2018|Ohio Market|

FirstEnergy Solutions closing its last Ohio and Pennsylvania coal-fired power plants

By: John Funk |

FirstEnergy Solutions on Wednesday night announced it plans to close its last Ohio coal-fired power plant, the W.H. Sammis plant on the Ohio River in Stratton, and its last Pennsylvania coal plant, the Bruce Mansfield plant on the River in Shippingport.

The company blamed the regional wholesale markets overseen by […]

2018-08-30T10:48:50-05:00August 30th, 2018|Ohio Market, Pennsylvania Market|

FERC rejects PJM capacity market reform proposals, seeks quick resolution

In a 3-2 decision that drew sharp dissent from two commissioners, the Federal Energy Regulatory Commission late Friday rejected both of PJM Interconnection’s proposals to address failures in its capacity markets due to state subsidies supporting preferred generation resources.

Whether to add more renewable energy or to keep struggling emissions-free nuclear […]