Monthly Archives: June 2017

The more electricity regulators delay, the more customers pay

By Dick Munson / Published: June 2, 2017

Remember the old “money booths,” in which game show participants got to grab as many dollars as they could before the timer went off? Well, FirstEnergy’s the lucky contestant; everyday Ohioans are supplying the cash, and the Public Utilities Commission of Ohio (PUCO) is refusing to call time.

The PUCO is still deciding whether to give final approval to the bailout for the Ohio-based utility giant’s old, inefficient coal plants. Refresher: In October, the PUCO gave a tentative $625-million subsidy to reduce FirstEnergy’s debt associated with its bad business decisions.

PUCO procedures require regulators to solicit responses and reconsider its initial decision. Ohio commissioners, however, have allowed FirstEnergy to start collecting without the final approval. The effective start date of the tariff was January 1, 2017 – nearly five months ago. Read More »

Posted in FirstEnergy, Ohio / Comments are closed

Don’t buy Perry’s reliability ruse. His fake study is pro-coal propaganda.

By Dick Munson / Published: June 1, 2017

Energy Secretary Rick Perry’s so-called grid reliability study will be nothing more than thinly-veiled propaganda for the coal industry and a tool to justify expensive government handouts to outdated power plants.

How do we know? The tactic is ripped straight from FirstEnergy’s well-worn subsidy playbook.

The Ohio-based utility has relentlessly sought a massive, customer-funded bailout to prop up its unprofitable power plants. It repeatedly tried using reliability as an excuse for subsidies, while the regional grid operator repeatedly declared there would be plenty of generation to keep the lights on without FirstEnergy’s old power plants.

The reliability justification hasn’t worked for FirstEnergy, and it won’t work for the pro-coal Trump administration. The reality is, a 21st-century energy system won’t be based on old, lumbering coal plants. Instead, modern energy technology means we can build a cleaner, more flexible, and reliable electric grid. Read More »

Posted in Clean Energy, FirstEnergy, Ohio, Utility Business Models / Read 1 Response

Trump budget breakdown: Time to defend the clean energy economy and American innovation

By Bryce Golden-Chen / Published: June 1, 2017

This post was updated on June 5, 2017.

My first week on the job at Environmental Defense Fund was also the week the Trump administration released its full federal budget proposal. I joined the EDF+Business team after working at the U.S. Department of Energy (DOE), implementing technology-to-market innovation partnerships for the Office of Energy Efficiency and Renewable Energy (EERE). The proposal slashes EERE and related offices and programs that have been at the forefront of successful public-private partnerships. At a time when the U.S. is backing out of the Paris Climate Agreement and federal clean energy technology investments are critically and urgently needed, this budget threatens American innovation.

Funding that nurtures new businesses without requiring their owners to give up any stake in their companies can be make-or-break for the early-stage startups that drive innovation. When government, well-positioned to make this kind of unique investment, puts forth tax-payer dollars, it encourages the private sector to buy-in as well—oftentimes with a multiplying effect. DOE has created opportunities like these that reduce risks for both entrepreneurs and investors. It is through this public-private collaboration that meaningful partnerships and lasting progress are possible for clean energy and our nation’s economy. Read More »

Posted in Clean Energy, Climate, Energy Efficiency, Energy Innovation, Renewable Energy / Comments are closed