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

L.A. Clippers set to face woeful Boston Celtics

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Tipoff: 12:30 p.m.TV/Radio: Prime Ticket, KFWB 980AMUpdate: The Clippers are coming off a 117-108 victory Saturday at Sacramento. Any road win is good. But the Kings are just 16-24 and they were missing their best player – post DeMarcus Cousins (thigh contusion). … The Clippers are 4-2 over their past six games. The wins were over the Lakers, Mavericks, Trail Blazers and Kings. The losses were to the Heat and Cavaliers. … In case you haven’t noticed, Matt Barnes is having his best month of what is now the halfway point of the season. He is averaging 14.6 points in January and scored 26 in the win over Sacramento. … Speaking of the halfway point of the season, the Clippers reached it at 27-14, That puts them at sixth in the Western Conference standings. If the playoffs started right now, they’d play third-seeded Memphis. Asked postgame Saturday his thoughts on where his team is, coach Doc Rivers came with this: “I like our team, I’ve been saying that. We don’t have the perfect team and I’ll let all you (reporters) point that out to us, but we don’t care. I haven’t seen the perfect team. Every team has some kind of flaw and we’re fine with that.” … The Celtics are a woeful 13-25 and reside in 13th in the Eastern Conference and still not out of the playoff picture because the No. 8 team ‑ Brooklyn ‑ is just 17-24. Boston is led by small forward Jeff Green, who has a 17.4 scoring average. The Celtics were coached by Rivers for nine seasons, winning a title under him in 2008. The Celtics have lost four of five.— Robert Moraleslast_img read more

Mileusnić finished fourth

first_imgBiH athlete Dejan Mileusnić finished fourth in javelin throwing discipline. On the first day of the competition, Mileusnić was among top eight athletes.In the third series, Mileusnić achieved the result of 77.27 metres, which was his best result of the completion.Mileusnić is one of the best BiH athlete born in Zenica 22 years ago.(sportsport.ba)last_img