Federal Regulators Stand Up for Customers, Fair Electricity Market

EDF statement from John Finnigan, Lead Counsel, Climate and Energy

(WASHINGTON, DC – April 27, 2016) The Federal Energy Regulatory Commission today overturned the Public Utilities Commission of Ohio’s decision to grant subsidy requests from Ohio-based utility giants AEP and FirstEnergy. Their bailout proposals would have forced Ohio customers to bail out old, inefficient power plants for the next eight years at an estimated cost of $6 billion.

“Today, federal regulators stood up for customers and defended fair markets and competition, sending a clear signal to any utility trying to bail out their uneconomic power plants through political prowess. FERC’s decision to block these bailouts will save Ohioans $6 billion while spurring energy innovation and reducing harmful pollution.”

  • John Finnigan, Lead Counsel, Climate and Energy, Environmental Defense Fund

One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund

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