Showing posts with label firstenergy. Show all posts
Showing posts with label firstenergy. Show all posts

December 14, 2014

Ohio's Electricity Providers Seeking State 'Bailout'


Debate Comes Against Backdrop of Frozen Energy Standards in Ohio

The three largest electricity providers in Ohio — FirstEnergy (the Northeast Ohio-based company we'll focus on here), AEP, and Duke — are hoping the state will approve individual plans to keep their older power plants operating. The proposals — "bailouts," essentially, as critics put it — would lock in fixed-rate contracts for customers, regardless of fluctuating market price.