OMA Files at FERC to Stop Market-Damaging Subsidies


This week, the OMA Energy Group filed in a complaint before the Federal Energy Regulatory Commission (FERC) to protect manufacturers and other consumers from abuses in the FirstEnergy and AEP affiliate power purchase agreement cases pending before the Public Utilities Commission of Ohio (PUCO). The OMA Energy Group wrote that the FirstEnergy proposal will cost consumers $3 billion, the AEP proposal will cost $2 billion, and both will undermine Ohio manufacturing competititveness and chill investments in the Ohio markets. The Energy Group stated that the proposal will harm competition in regional wholesale markets, distort wholesale price signals, and deter market entry by competitive electricity suppliers. The group also noted that evidence in the case clearly shows that retail electricity competition is working, retail rates are not subject to volatility, and that resource adequacy exists in the PJM region.