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.

Akron BioInnovation

Meaden & Moore

NOCHE


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.

Schneider on the FirstEnergy credits

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


Sawmiller 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

Bridgestone exec indictments are latest step in a billion-dollar price-fixing case
Why is O.P.E.C Not investigated and charges brought against it and it's member companies? It sounds exactly the same...

Ohio's new drilling rules rely on known earthquake faults
requiring drillers to place seismic monitors when they drill within 3 miles of known fault lines. This comment really upsets me!! What good does an instrument t...

Kasich's gubernatorial ad focuses on his blue-collar roots
John Kasich is the biggest con-man in America. He will say one thing and then do the opposite. He is terribly successful at fooling the public and he is worki...

Cab drivers who refuse to drive Gay Games taxis will be replaced
the irony is that most americans distrust or hate muslims much more than they hate gays!! silly ignorant bigots-GO HOME!!!

New transportation companies come to Cleveland
Ride-sharing companies are breaking laws and regulations every day. From regulatory fee evasion to use of smartphone while driving (and even two smartphones(!) ...

Cleveland anti-poverty agency executive resigns amid financial probe
That committee won't be too independent. He plans to stay on until after the new appointee is chosen.

How can you wipe a criminal record clean?
Great article! NO CLINIC in May 2014, however, because it's graduation month for students For the next dates of the FREE Legal Clinic to help with Expungment,...

Drilling remains suspended while ODNR investigates NE Ohio earthquakes
Flaring and lights, so has all been halted? Also, smell of HS2 and sounds of an auger/drilling/water rushing underground. So, has all been halted? In light of t...

Will the Ohio River carry fracking wastewater?
Texas $ vs. WV citizens . Who will our governor listen to?

Copyright © 2014 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