Great news! The federal government is standing up to FirstEnergy and PUCO
More proof of why we need to democratize our energy and make a just transition away from fossil fuels.
Last minute opportunity to tell PUCO commissioners to give the public a voice on FirstEnergy's bailout settlement that was negotiated behind closed doors with PUCO staff. Tell them they have heard enough from FirstEnergy - and they should hear from us, too!
These assets are losing money because customers can buy cheaper power from new, cleaner renewable energy and natural gas plants. And instead of closing their outdated Ohio plants, the powerful utilities have made proposals to the Public Utilities Commission of Ohio (PUCO) to bail them out. By guaranteeing the purchase of power for the next eight years, the deals would force Ohioans to pay billions of dollars to keep the FirstEnergy and AEP plants running.
It's been over a year since the PUCO visited Northeast Ohio, where people who would be affected by FirstEnergy's bailout actually live. It's time for the PUCO to come back and explain to us what is going on with this bailout proposal and be ready to take our feedback.
Please join us in requesting more public hearings by signing on to this letter.
A new report says consumers would pay an extra $4 billion if regulators approve a profit guarantee for FirstEnergy, a forecast that is at odds with the company's assertion that the plan would lead to a net savings of $560 million.
If most people oppose it - the PUBLIC utilities commission should oppose the rate case, right? http://www.cleveland.com/…/ohio_voters_against_firstenerg.h…
Meissner describes higher rates today as an "insurance policy" against higher rates in future years. I don't know anyone willing to pay more now just because the seller says you might save money down the road. There are no guarantees for consumers, just guaranteed profits for FirstEnergy.
Amen. We're waiting!!