Leaders Oppose AEP & FirstEnergy Power Purchase Agreements


CEOs of some of the country’s largest competitive electric suppliers traveled to Columbus this week to meet with state leaders to express their opposition to AEP and FirstEnergy utility power purchase agreement settlement proposals before the PUCO that will guarantee utility profits and bypass competitive bidding for electricity. As reported in The Columbus Dispatch:  “The number one biggest lie is that it’s going to save consumers money,” said Robert Flexon, president and CEO of Dynegy, a Houston-based electricity company that owns power plants in Ohio. The Findlay Courier highlighted a Jan. 11 letter to Governor Kasich from Cooper Tire & Rubber Co. Chairman, CEO & President, Roy Armes, who urges the rejection of the subsidy proposals. OSCO Industries, Inc. CEO, John Burke, sent a letter to the PUCO saying: “… AEP’s PPA proposal will significantly impair OSCO’s ability to compete in today’s marketplace.”  And, “The PPA is a complete reversal of about 15 years of migration toward deregulating electric generation in our state and provides an unjustified wind-fall for AEP.”