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


first_imgA GARDA operation to nab burglars was a massive success this morning after a man was held in Co Donegal.Gardaí at Milford say they are investigating a burglary which occurred at approximately 3.45am this morning in Kilmacrennan. A man entered the home of a 69 year old woman who was alone in the house at the time.He forced his way into her bedroom threatened her and demanded cash.The raider fled the scene after taking a handbag.The pensioner was unhurt but chased the suspect with a hatchet. A 24 year old man was arrested a short time later in connection with this incident and is currently detained at Letterkenny Garda Station under Section 4 – Criminal Justice Act 1984.Local people expressed delight at the arrest, which came 8kms from where three suspects were detained on Tuesday.The Garda operation came as security is being stepped up in rural areas and was a direct result of police work.“The woman was unhurt but she is very shaken,” said one local man today.“She was able to call Gardai and they reacted extremely quickly, identified a suspect right away and arrested him.” DELIGHT AS GARDAI NAB BURGLAR IN KILMACRENNAN was last modified: January 18th, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:DELIGHT AS GARDAI NAB BURGLAR IN KILMACRENNANlast_img read more