How Utility Companies Fight To Keep Their Monopoly Status Using YOUR Money
Utility companies like to paint themselves as working hard for their customers, but for many, it is about preserving their monopoly status.
Utility companies like to paint themselves as working hard for their customers, but for many, it is about preserving their monopoly status.
Crazy state of play in Ohio for renewable energy stakeholders, as accused nuclear power schemers pull a fast one with $60 million in bribes.
An unlikely coalition of renewable energy, natural gas, energy efficiency, and oil industry associations have collectively submitted their concerns to the US Department of Energy regarding the possibility of effectively bailing out and subsidizing uneconomic and aging power plants that would otherwise be forced to retire, such as FirstEnergy Solutions’ recent request for the same.
The subsidiaries that run FirstEnergy Corp.’s nuclear and coal-fired power plants filed for bankruptcy at the end of March after months of speculation, while at the same time essentially petitioning the US Department of Energy to declare an emergency that would effectively bail out the ruined fossil fuel company.
FirstEnergy, a large utility company in America’s heartland, has withdrawn a plan that would have forced rate payers to subsidize an aging coal fired generating station in West Virginia — a small victory on the road toward renewable energy.
Many cities trumpet their sustainability initiatives to claim the title of “greenest” city in America, but it’s hard to argue with the ongoing turnaround from brown to green in Cincinnati.