Regulators allow FirstEnergy bailout; consumers stuck with bill
Posted March 31, 2016 in Press Releases
Agreement to subsidize inefficient power plants forces consumers to buy more expensive power.
For immediate release
Contact: Michael Shields, 330.906.2062
The Public Utilities Commission of Ohio today voted to allow corporate subsidies for utility giants FirstEnergy and American Electric Power that are projected to cost Ohio electric users billions of dollars over the next eight years.The AEP deal commits the company to building substantial new wind power infrastructure