Ohio regulators approve income guarantees for AEP and FirstEnergy


Tom Knox, Columbus Business First

Ohio regulators have approved proposals by AEP and FirstEnergy to guarantee income for certain power plants, accepting their arguments that the seven coal plants and one nuclear plant should be subsidized because the benefits outweigh the potential costs. The decision means ratepayers will be on the hook for any costs related to keeping the plants open, although regulators said they modified the proposals to stabilize rates and limit the impact on customers.

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