Public Utilities Commission of Ohio (PUCO)
By Ted Caddell
FirstEnergy said Tuesday it has reached a proposed settlement with Public Utilities Commission of Ohio staff that would provide guaranteed in...
The decision will have an impact on whether AEP decides to sell some of its merchant fleet.
Capacity Performance resources cleared at $151.50/MW-day in the transition auction for the 2017/18 delivery year, PJM said Wednesday.
PJM generators — such as Exelon, Dynegy, NRG and PSEG — will earn $10.9 billion from this year’s capacity auction in the first test of the RTO’s new Capacity Performance requirements.
Attorneys general from 15 states asked a federal court in D.C. to block the Clean Power Plan.
AEP celebrated increased second-quarter profits last week, but the company said it still needs the PUCO to approve the so-called “guaranteed rate” plan to support its generating plants.
AEP has hired investment bank Goldman Sachs to investigate the sale of its merchant generation fleet in Ohio and Indiana, both coal- and natural gas-fired.
AEP went before PUCO in a rare oral argument to support its request for a power purchase agreement for the Kyger Creek power plant.
FirstEnergy is asking consumers to prop up nuclear and coal generating plants the company says are at risk of closing due to low energy and capacity prices.
FERC clarified last week that its April 2013 order approving AEP’s Ohio restructuring plan does not preempt a court challenge by industrial customers.
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