Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, May 4, 2016

Ohio Failed To Protect Customers And Markets – So Federal Regulators Came To The Rescue

Ohio Failed To Protect Customers And Markets – So Federal Regulators Came To The Rescue
By Environmental Defense Fund Energy Exchange Blog, Tuesday, May 3, 2016 10:00 AM
American Electric Power's (AEP) Mountain
The Federal Energy Regulatory Commission (FERC) recently rejected Ohio-based utilities FirstEnergy and AEP’s bailout deals, which the Public Utilities Commission of Ohio (PUCO) recently approved. FERC, which is responsible for ensuring fair wholesale electricity prices, recognized that these backroom bailouts were “abusive,” taking advantage of “captive” customers and harming the competitive market. Fortunately, FERC’s rulings protect… Keep reading →http://breakingenergy.com/2016/05/03/ohio-failed-to-protect-customers-and-markets-so-federal-regulators-came-to-the-rescue/?utm_campaign=Breaking+Energy+Daily+Digest&utm_source=hs_email&utm_medium=email&utm_content=29239525&_hsenc=p2ANqtz-8OOunAYgvQxMiyuh4Mst-YBv4Tc2UFZhWT7l2wpzJrVXpSb4uh3ojntIC76xI8NQQdSVZGLUG5YmRvafvTaNMkX_QeAg&_hsmi=29239525

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