News
News Home
Quick Bites Archive
Exploradio Archive
nowplaying
On AirNewsClassical
Loading...
  
School Closings
Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


FirstEnergy wants PUCO guarantees on nuclear and coal prices
A public meeting in Cleveland will look at FirstEnergy rate plan
by WKSU's KABIR BHATIA


Reporter
Kabir Bhatia
 
About two dozen people showed up near the West Side Market Saturday to draw attention to the public meeting at Cleveland City Hall Tuesday
Courtesy of K. Bhatia
Download (WKSU Only)
The last of three public meetings on FirstEnergy’s new rate plan happens Tuesday. WKSU’s Kabir Bhatia reports on the proposal that has drawn criticism from some business groups, as well as environmentalists.
LISTEN

Other options:
Windows Media / MP3 Download (0:57)


Akron-based FirstEnergy runs the Illuminating Company, Ohio Edison and Toledo Edison, and it wants a 15-year agreement that those utilities buy all the power generated by two aging plants.

FirstEnergy says without the deal, its Sammis coal plant near Steubenville and its Davis-Besse nuclear plant would not be able to compete against lower-priced gas plants and wind turbine farms.

Currently, the subsidiaries buy power through regulated, competitive auctions. Michael Shields is a researcher with PolicyMatters Ohio.

“They would like to bypass that market and sell at operating costs, plus a rate of return for these plants. They want to stick Ohio consumers with the bill. FirstEnergy says we would be better off in the end. Independent analysts say this is going to cost about $3.1 billion.”

Others opposed to the plan include the Ohio Manufacturers Association and Walmart, while the Council of Smaller Enterprises is backing FirstEnergy. Tuesday’s meeting is at Cleveland City Hall at 6 p.m.

The two plants employ about 800 people, but Shields says investment in renewable energy could create new jobs.

“We’re always concerned about jobs. But the reality is, for the public, this would really in effect be a public bailout. When the public is investing in a project, it needs to be a project with a public benefit.”

The Sammis plant opened in the early ‘60s, and Davis-Besse in the late ‘70s. Both have been cited for issues in the past. 

Public hearings on the proposal were held earlier this month in Akron and Toledo, and a fourth hearing is set for next Wednesday, when FirstEnergy attorneys present the plan to a PUCO judge. The company has asked for a vote on the plan by April 8.
Listener Comments:

THis is the time to remove the energy companies that continue to polute our air


Posted by: Eileen Pritzker (United States) on January 22, 2015 12:01PM
Would just comment that the plant has admitted the following (as reporting in the Akron Beacon Journal):

"The utility has said it may have difficulty keeping those plants open if they have to compete against lower-priced power available from gas-fired power plants and wind turbine farms."


Posted by: Akshai Singh (Cleveland Heights, OH) on January 21, 2015 10:01AM
It's time to shut these plants down and put the three billion into clean energy. Creating jobs, curbing climate change, and leading the world.
Thank you for your time.


Posted by: Michael Seager (Mentor, Ohio) on January 21, 2015 10:01AM
Add Your Comment
Name:

Location:

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


Comments:




 
Page Options

Print this page




Stories with Recent Comments

Pluto: The Browns split from Manziel is long overdue
Get Brock Osweiler from the Denver Broncos! He's fantastic and seems like a great person.

Democratic Senate hopeful P.G. Sittenfeld pushes for local gun control
That makes no sense at all... why not let cities determine driving codes as well? Maybe Cincy want's folks to drive on the left side of the road. What could go ...

Exploradio: Autism in the workplace
I would love to get more information re: Autism on The Town and other such programs in Northeast Ohio. Thanks!!

Human trafficking cases rise in Ohio
It is about time this is presented to proceed with a plan of prevention..to protect our youth.And very necessary to inform communities through school, churches ...

Fermented food company aims to preserve Cleveland's farm-to-table movement
This is terrific! I make my own sauerkraut and consider it vital to good health. Well done, I wish you all success.

Ohio doctors get new guidelines for prescribing certain painkillers
I would gladly smoke pot to get off pain killers but its not legal.It would save the hassle of doctor visits for pill counts,pee tests,blood tests,driving to pi...

Ohio unemployment cuts are nearing a Statehouse vote
What about those that are laid off seasonally? My husband has been employed by the same company for 26 years and has been laid off (for the last 17) mid-Januar...

Ban on microbeads is a big step in fighting plastic pollution
What a bunch of liberal "so open minded their brains fell out" tree huggin yuppies. Professing to be wise they became fools.

Who's on -- and left off -- Ohio's medical marijuana task force?
Biggest joke everm these people are evil they know marijuana is harmless they rigged the polls last nov everypne kmows it

Dayton 'Black Lives Matter' protesters to appear in court today
Police to fast with the trigger finger and not the brain.A lot of police officers out here judge by color first instead of accessing the situation first. If a p...

Copyright © 2019 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