From Trish Demeter, Managing Director of Energy, Ohio Environmental Council
Less than a month after the Public Utilities Commission of Ohio (PUCO) approved an increase to electricity rates to subsidize AEP and FirstEnergy’s aging coal-fired power plants, a decision by the Federal Energy Regulatory Committee (FERC) recently prevented FirstEnergy and AEP from moving forward with their coal plant bailout deals, at least for now. The FERC decision is a clear victory for Ohioans who would have been on the hook for $6 billion over the next eight years.
“This decision proves what we’ve been saying all along, that the arrangements AEP and FirstEnergy concocted are unfair, unnecessary, and unlawful. This decision will save Ohioans from seeing $100 a year increase on their electric bills while ensuring cleaner air to breathe.”
Filed Under: News, Policy