Other Power Producers to FirstEnergy: Play Fair or We’ll Sue
You know things are bad when your former friends threaten to sue you.
When it comes to decisions in the power sector, FirstEnergy and other independent power producers of the Electric Power Supply Association usually find themselves on the same side of an argument. But following FirstEnergy’s secret backroom settlement with the Public Utilities Commission of Ohio (PUCO) staff, even former allies are coming out to blast the deal. Dynegy and Talen Energy – who understand the unique challenges of meeting energy demand in Ohio – are upping the ante,
promising to contest the deal in court if the commission approves it.
Dynegy’s CEO called out the anti-competitive nature of the agreement, saying, “Dynegy will pursue all available avenues, including litigation, to prohibit the power purchase agreement from being enacted so as not to compromise the competitive market design, and we strongly encourage the PUCO commissioners to oppose and vote down this adverse anti-market public policy.”
The CEO went further, noting how FirstEnergy is performing well in the market, saying it “is already set to receive significant revenue.” That might be a good point to bring up in court.
|