Latest PJM Interconnection Stories
AKRON, Ohio, Feb. 15, 2012 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that its subsidiaries, FirstEnergy Generation Corp. (FGCO) and FirstEnergy Nuclear Generation Corp. (NGC), in connection with the consent solicitations announced on January 17, 2012, have received the requisite consents from registered holders of a majority in principal amount of each of the outstanding tax-exempt bonds listed at the end of this release. As a result of receiving the necessary...
AKRON, Ohio, Feb. 13, 2012 /PRNewswire/ -- FirstEnergy (NYSE: FE) today announced that Carl J. Bridenbaugh, formerly director of Transmission Planning and Support, has been named vice president of Transmission. In this role, he is responsible for transmission operations, system planning and protection, line and substation maintenance and project management and design. (Photo: http://photos.prnewswire.com/prnh/20120213/CL52250 ) Bridenbaugh also serves as FirstEnergy's liaison...
MORRISTOWN, N.J., Feb. 10, 2012 /PRNewswire/ -- Electric rates for residential customers of Jersey Central Power & Light (JCP&L) will be reduced by $114 million annually beginning March 1, 2012. The decrease will total about 3 percent or $41.22 a year for the average residential customer using 650 kilowatt hours (kWh) of electricity a month. The New Jersey Board of Public Utilities (BPU) today approved the company's request to lower rates based on costs associated with...
MORRISTOWN, N.J., Feb. 10, 2012 /PRNewswire/ -- Jersey Central Power & Light (JCP&L) has agreed to implement the recommendations in a report on the Morristown underground electrical network, which was accepted today by the New Jersey Board of Public Utilities (BPU). "The report provides a thorough analysis and offers valued recommendations," says Don Lynch, president of JCP&L. "We worked with the BPU staff and the Special Reliability Master (SRM) who performed the...
AKRON, Ohio, Feb. 8, 2012 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that its Monongahela Power Company (Mon Power) subsidiary will be retiring three older coal-fired power plants located in West Virginia by September 1, 2012. The decision to close the plants is based on the U.S. Environmental Protection Agency Mercury and Air Toxics Standards (MATS), which were recently finalized, and other environmental regulations. The following plants will be retired: Albright...
ALLENTOWN, Pa., Jan. 31, 2012 /PRNewswire/ -- The utilities' chosen route for the Susquehanna-Roseland transmission project is the best alternative for the power line needed by millions of electric customers in the region, the companies building the project told the National Park Service in formal comments filed Tuesday (1/31). Public Service Electric and Gas Co. and PPL Electric Utilities Corp. also provided more details on their proposal to mitigate for unavoidable impacts of...
AKRON, Ohio, Jan. 30, 2012 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced that a Request for Proposal (RFP) will be conducted to secure 10-year contracts to provide Solar Renewable Energy Credits (SRECs) for customers of its Ohio utilities - Ohio Edison, Cleveland Electric Illuminating and Toledo Edison - to help meet the renewable energy benchmarks established under Ohio's energy law. The RFP seeks delivery of 1,000 SRECs produced by qualified generating facilities in Ohio...
GREENSBURG, Pa., Jan. 27, 2012 /PRNewswire/ -- West Penn Power Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), announced today that the Pennsylvania Public Utility Commission (PUC) has approved the results of the company's seventh default service auction. The auction, held on January 16, 2012, was to purchase power for West Penn's customers from June 2012 through May 2013. Results of the previous six auctions under West Penn's default service plan were approved by the PUC on...
AKRON, Ohio, Jan. 26, 2012 /PRNewswire/ -- FirstEnergy Corp., (NYSE: FE) today announced it has adopted a new policy that changes the method of accounting for pensions and other post-retirement benefits (OPEB). The company also provided a preview of 2011 earnings. Fourth quarter and full-year 2011 results are scheduled to be reported on February 28, 2012. The new pension and OPEB accounting method, which is preferable under U.S. Generally Accepted Accounting Principles (GAAP),...
AKRON, Ohio, Jan. 26, 2012 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that its generation subsidiaries will retire six older coal-fired power plants located in Ohio, Pennsylvania and Maryland by September 1, 2012. The decision to close the plants is based on the U.S. Environmental Protection Agency Mercury and Air Toxics Standards (MATS), which were recently finalized, and other environmental regulations. The total capacity of the competitive plants that will be...
