But as Statehouse correspondent Andy Chow reports, a new energy player wants to crash the party.
Dynegy just bought several coal and natural gas plants from Duke Energy. Now the independent energy producer says it can counter plans from AEP and FirstEnergy by offering the same amount of energy for $5 billion less.
Their proposal relies on cost-efficient coal plants, existing natural gas plants and, possibly, newly built natural gas plants.
Exelon, another energy provider, has also offered a cheaper plan. Dynegy Vice President Dean Ellis says these companies are sending a clear message to regulators that other options are out there.
“These offers are far superior in so many different ways beginning with the cost-savings that they would deliver to consumers over the long term,” says Ellis.
But AEP says Dynegy’s relying on “inflated assumptions” and that there’s no basis for their claims of cost savings.