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Hearings have wrapped up on proposed rates hikes to subsidize coal plants
Ohio regulators to make decision by the end of March
by WKSU's ANDY CHOW


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Andy Chow
 
Bill Ridmann, Vice President of Rates and Regulatory Affairs at FirstEnergy
Courtesy of Statehouse News Bureau
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Hearings have ended and now it’s up to state regulators to decide if the so-called coal plant bailout for two electric utilities should be approved. Statehouse correspondent Andy Chow reports.

LISTEN: Decision time for the Power Purchasing Agreement

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FirstEnergy and AEP say adding a charge to customers’ monthly bills in order to guarantee income for struggling coal plants will stabilize costs and ensure grid stability. Opponents say this is an unnecessary bailout that helps ineffective and dirty coal plants.

But FirstEnergy’s Bill Ridmann says he believes they were able to clearly show the benefits of the plan during the hearings.

“Both the economic development part of it -- the rate stability part of it for our customers under our rate stability rider. So I think overall I think we have a very strong record in the case.”

The PUCO is expected to make its decision by the end of March.

 


Related WKSU Stories

FirstEnergy and AEP reject competition from new player Dynegy
Wednesday, January 13, 2016

Manufacturers oppose proposed coal plant bailouts
Tuesday, January 12, 2016

The reliability argument behind the proposed Power Purchase Agreement
Thursday, January 7, 2016

Ohio regulators want to hear why some groups support coal-plant bailouts
Monday, January 4, 2016

Environmentalists and Ohio utility reach deal on higher electric rates
Tuesday, December 15, 2015

 
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