Two former Ohio regulators debated FirstEnergy’s and AEP’s controversial PPAs in the opening session of the MACRUC Annual Education Conference.
PUCO agreed to hear FirstEnergy's arguments for why it should be able to withdraw its controversial power purchase agreement and substitute a new plan.
After a yearlong battle to win approval from Ohio regulators for their controversial PPAs, FirstEnergy and AEP Ohio want to start over.
The Public Utiities Commission of Ohio (PUCO) unanimously approved modified versions of two controversial power purchase agreements for AEP and FirstEnergy.
Eleven generating companies have asked FERC to expand the PJM minimum offer price rule (MOPR) in time for May’s 2019/20 Base Residual Auction.
PJM joined more than a dozen other parties in calling for a FERC review of power purchase agreements that would provide FirstEnergy and AEP a guaranteed return for their struggling generating stations in Ohio.
Dynegy has entered the Ohio power purchase agreement fray, floating an offer to PUCO that it said would save consumers in the state $5 billion.
Exelon has joined the opposition to FirstEnergy's attempts to win guaranteed payments for its Ohio power plants.
PJM said AEP's proposed PPA needs changes to preserve competition.
PJM said it will weigh in on the controversial power purchase agreements AEP and FirstEnergy negotiated with PUCO staff.
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