FERC Intercedes in Proposed Bailout of Ohio Utilities

first_imgFERC Intercedes in Proposed Bailout of Ohio Utilities FacebookTwitterLinkedInEmailPrint分享Dan Gearino for the Columbus Dispatch:Federal regulators dealt a blow to Ohio utility profit guarantees on Wednesday, saying the plans cannot go into effect until after a review of whether federal rules are being violated. The Federal Energy Regulatory Commission asserted its authority in a pair of orders, finding that the plans are not valid unless American Electric Power and FirstEnergy apply for, and receive, approval from the agency.The Public Utilities Commission of Ohio approved the eight-year profit guarantees late last month, allowing Columbus-based AEP and Akron-based FirstEnergy to receive benefits for selected power plants that might otherwise close.Until Wednesday, it was not known whether the federal commission would intercede.A key issue in the federal complaint is whether AEP and FirstEnergy customers are “captive,” in that they have no choice but to cover costs related to the plans. The PUCO and the Ohio companies said customers are not captive because they continue be able to choose an alternative provider in the state’s open market.The federal commission disagreed, stating that “AEP Ohio retail ratepayers are nonetheless captive in that they have no choice as to payment of the non-bypassable generation-related charges” embedded in the profit guarantees. Opponents of the plans say that wording shows that the Ohio companies are facing a highly skeptical audience in the federal commission, as opposed to the more friendly panel in Ohio.Full article: Federal agency says it must OK profit guarantees for AEP, FirstEnergylast_img read more

MansionBet sponsors World Pool Masters’ quarter centenary

first_img Related Articles StumbleUpon Spotlight ups matchday commentary reach and capacity for new EPL Season  August 21, 2020 Submit MansionBet has been announced as the title sponsors of the World Pool Masters, as the tournament celebrates a quarter of a century.Returning to Gibraltar after a successful tournament last year, the 25th annual event, set to be broadcast live on Sky Sports, takes place between March 2-4.Karel Manasco, CEO of Mansion, said: “We are always looking at platforms for brand promotion, and as a Gibraltar-based company, the location combined with the international exposure of this popular event, made our title sponsorship of the World Pool Masters a natural fit.”The ‘MansionBet World Pool Masters XXV’ is set to see a variety of former champions return to the tournament, attempting to reclaim their crown on its quarter centenary.Amongst the names set to feature are Francisco Bustamante, Earl Strickland and Ralf Souquet, who will be competing among a star-studded 16-man field for the $20,000 top prize.Barry Hearn, Chairman of Matchroom Sport, added: “We are delighted to have MansionBet on board as title sponsor of pool’s biggest invitational event.“We are celebrating the silver jubilee of this magnificent tournament and as such the field is packed with some of the biggest names in pool, all great champions in their own right. “With live TV coverage on Sky Sports and over 100 other countries across the globe, I know we are in for an exciting weekend of world-class sporting action in Gibraltar.”Online sportsbook brand Mansion has a strong history of sporting sponsorship’s, most notably as principle partner of Premier League side AFC Bournemouth, with the firm stating this latest deal “provides an international platform for their latest sportsbook brand, which launched earlier this year.” Most recently Mansion agreed a fresh partnership to become official sponsor of boxer George Groves, ahead of the WBA super-middleweight world champion’s highly anticipated bout with Chris Eubank Jr. EFL announces that all non-Sky Sports fixtures will be available to stream August 27, 2020 Premier League looks to broadcast every behind-closed-door fixture August 28, 2020 Share Sharelast_img read more