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Energy associations oppose electric utility's plea for federal help
Oil & Gas Journal: A coalition of six national energy trade associations, including three from the oil and gas industry, submitted a legal analysis to the US Department of Energy opposing federal use of emergency authority to provide a long-term subsidy for aging and uneconomic electric power plants that would otherwise retire.
FirstEnergy Solutions (FES), a subsidiary of Akron, Ohio-based FirstEnergy Corp., petitioned US Energy Sec. Rick Perry on Mar. 29 to issue an emergency order to the PJM regional power transmission organization that would secure the long-term capacity of FES and other utilities’ nuclear and coal-fired plants in the region to compensate their owners “for the full benefits they provide to energy markets and the public at large, including fuel security and diversity.”
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