News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Metro RTA

Lehmans


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


FirstEnergy spends extra to meet state requirements, charges customers more
FirstEnergy customers will have to pay a 7 percent interest charge on their energy bills
by WKSU's OZIE IKUENOBE

Reporter
Ozie Ikuenobe
 

FirstEnergy has spent millions of dollars more than necessary to meet state renewable-energy requirements, according to two independent audits.

Under the state’s standards, power companies must sell a certain amount of energy created by renewable technology, including wind and solar. If that’s not possible, the companies can buy renewable energy credits or pay a state fine.

The audits found that FirstEnergy Solutions bought credits that were 15 times more than the state fine. FirstEnergy spokesman Todd Schneider says the company had to buy the credits to comply with the law.

Sawmiller on the FirstEnergy credits

Other options:
Windows Media / MP3 Download (0:13)


Schneider on the FirstEnergy credits

Other options:
Windows Media / MP3 Download (0:13)


“At the time, the market was just developing so the costs were higher. As the law states, we’re required to purchase these RECs if they’re available.”

The Public Utilities Commission of Ohio approved passing the high costs on to FirstEnergy customers along with a 7 percent interest charge.

But Dan Sawmiller, of the Sierra Club, says that FirstEnergy had other options it could have pursued.

“Instead of just purchasing them and charging their customers for them, the company should’ve realized that these were unreasonably high and taken actions to work with the commission to find an alternative to paying that high price.”

Sawmiller says he hopes the Public Utilities Commission will take a closer look at the costs to determine if they are fair and reasonable to FirstEnergy customers.

The PUCO says it would need a formal objection to reconsider. 

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Ohio Republicans protest the loss of Mt. McKinley
I believe the U.S.gov't. was overstepping its bounds by renaming a mountain that belongs to Alaska. How would we like it if Alaska (or any other state) telling ...

Pluto: University of Akron cuts baseball - should football be next?
remember when akron and Youngstown state were both in the ovc. As a Morehead State fan, made trips to both schools and had a wonderful experience. Played Akron ...

Ohio to aid young adults who age out of foster care
I think it's a great idea. I worked for an at risk high school and it was really sad to see the amount of kids who had no where to go because they had aged out...

Could University Circle developments ripple into East Cleveland?
Outsiders are so far off the beaten path and you all need to attend the meeting being held today 8/31/15 Cleveland Public Library, 1:00 PM. http://44112news.co...

ResponsibleOhio leader says the state is trying to set Issue 3 up for failure
Ohio suppose to believe that a group of investors were united under one cause to legalize marijuana.Once legal they all of sudden turn into 10 different compani...

Terry Pluto: U of A's new athletic director has the toughest job in town
It is a hard sell. The Students do not want to go to the football games and they do not want to pay for the program. They have a lot of student loan debt and t...

Akron considering the future of the B.F. Goodrich smokestacks
This BFGoodrich alumna says, "Thank you, Dave Lieberth!"

State creates panel to look at Ohio charter school sponsors
It is more than disturbing that charter schools, which seemed like a good idea years ago, have begun to cripple public school education.

DEVO mural in Akron is now on display downtown
The installation is not at the former site of Chili Dog Mac. CDM was one block north on the other side of Main St.

New report shows growth in white collar jobs for Northeast Ohio
Unfortunately, there are fewer jobs in comparison to the number of professionals applying for them. I have been had a full time job since June 2012. In order to...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University