Ohio Failed To Protect Customers And Markets – So Federal Regulators Came To The Rescue

Ohio Failed To Protect Customers And Markets – So Federal Regulators Came To The Rescue

By Environmental Defense Fund Energy Exchange Blog, Tuesday, May 3, 2016 10:00 AM

The Federal Energy Regulatory Commission (FERC) recently rejected Ohio-based utilities FirstEnergy and AEP’s bailout deals, which the Public Utilities Commission of Ohio (PUCO) recently approved. FERC, which is responsible for ensuring fair wholesale electricity prices, recognized that these backroom bailouts were “abusive,” taking advantage of “captive” customers and harming the competitive market. Fortunately, FERC’s rulings protect… Keep reading →http://breakingenergy.com/2016/05/03/ohio-failed-to-protect-customers-and-markets-so-federal-regulators-came-to-the-rescue/?utm_campaign=Breaking+Energy+Daily+Digest&utm_source=hs_email&utm_medium=email&utm_content=29239525&_hsenc=p2ANqtz-8OOunAYgvQxMiyuh4Mst-YBv4Tc2UFZhWT7l2wpzJrVXpSb4uh3ojntIC76xI8NQQdSVZGLUG5YmRvafvTaNMkX_QeAg&_hsmi=29239525