Sparring Over Costs Of Coal Plant Profit Plan

Featured Audio

A new study is acting as ammunition for opponents of a so-called coal plant bailout proposed by two electric utilities. Statehouse reporter Andy Chow explains...

The report from the Institute for Energy Economics and Financial Analysis -- or IEEFA -- says FirstEnergy’s plan to guarantee a profit for their struggling coal plants would cost consumers $4 billion.
 
But FirstEnergy estimates their ratepayers would only see their electric bills go up a few dollars a month for a year or two because as natural gas prices rise, coal will be able to compete. IEEFA’s David Schlissel disagrees.
 
Schlissel: “Those are all fantasy. There’s no evidence that gas prices are going to rise dramatically over the long-term as FirstEnergy appears to say.”
 
The Public Utilities Commission of Ohio is scheduled to have a ruling on the proposal by March.
 

Support Provided By

More Wcpn Schedule
More Wclv Schedule
Schedule
Donate
90.3 WCPN
WCLV Classical 104.9
NPR Hourly Newscast
The Latest News and Headlines from NPR
This text will be replaced with a player.
This text will be replaced with a player.
This text will be replaced with a player.