What Does FES Bankruptcy Really Mean to You?

From this month’s OMA Energy Guide INSIGHTS regarding the recently announced bankruptcy of First Energy Solutions (FES):

“No one would have predicted a few years ago that the very same company fighting our policy makers for the opportunity to live or die by the market through electric deregulation would be the same company succumbing to Chapter 11 bankruptcy restructuring, mainly due to the effects of an open market.

“The company which once had the largest market share of electric-shopping customers in Ohio has been lobbying everyone, even President Trump, for a life preserver to keep its high-cost power plants operating.

“When one hears about a perceived utility going bankrupt most immediately think “Get out the candles, honey, the power is going out” but what are the real impacts of this bankruptcy on Ohio’s people, policy and the price we pay for power?”

Read more. And, subscribe to Energy Guide INSIGHTS, a monthly blog about energy purchasing and management at My OMA. 4/11/2018