Consumer advocates say a proposed deal involving FirstEnergy’s earnings in Ohio ignores the interests of most ratepayers.
FirstEnergy’s latest attempt to recast its Ohio plan to guarantee income for certain power plants remains fatally flawed in the eyes of challengers and other critics.
“Everyone is unhappy” with the state of the electric industry in Ohio, according to a report issued Tuesday by the state agency charged with protecting the interests of Ohio electric consumers. The Ohio Consumers’ Counsel wants the state legislature to convene a task force to begin addressing problems.
Papers filed last week in one of Ohio’s utility “bailout” cases suggest how companies could benefit in upcoming capacity auctions for the PJM grid area.
A case before the Ohio Supreme Court could leave the state’s ratepayers with no way to recover unreasonable utility overcharges.