Ohio Manufacturers' Association

02/14/2020 | News release | Distributed by Public on 02/14/2020 14:03

FirstEnergy CEO Expresses Sour Grapes on Deregulation

The CEO of FirstEnergy recently told financial analysts that he is ready to assist Ohio lawmakers in developing a new energy policy to subsidize nuclear power plants since the Federal Energy Regulatory Commission's (FERC) December 2019 order seems to prevent the subsidies provided by House Bill 6.

As reported by Utility Dive, FirstEnergy's Chuck Jones said state policymakers are generally unhappy with the results of utility deregulation, including PJM's market system. Yet numerous studies detail how deregulation has successfully driven down wholesale electric power prices in Ohio. What's really going on? To find out, join the OMA Energy Committee meeting on March 12.

If you haven't already done so, check out the OMA analysis of FERC's order on subsidized power and what it means for manufacturers. The order is intended to protect the marketplace via fair rules to foster competition. 2/13/2020