AEP supports FirstEnergy’s request for zero-emission tax credits

FirstEnergy is requesting approval from Ohio legislatures for zero-emission tax credits to keep two nuclear power plants—the Davis-Besse plant and the Perry plant—afloat, UtilityDive reports. Fellow Ohio utility American Electric Power (AEP) has expressed support for those subsidies, so long as AEP customers do not pay for them. FirstEnergy’s proposal would keep those plants “generating carbon-free energy through their expected lifespan,” but “the extra costs would be borne by consumers and could affect market revenues for gas generators.” 

FirstEnergy and AEP “both won support for struggling coal and nuclear generation from the Public Utilities Commission of Ohio” last year, but the Federal Energy Regulatory Commission “subsequently blocked the deals, leading to talk of plant sales and re-regulation as many aging baseload plants struggle to compete with low-cost natural gas and renewable energy.” For more, read the full article

Environmental, Miscellaneous