OMA Member, Cooper Tire & Rubber, Testifies Against FirstEnergy Proposal


The OMA Energy Group and a diverse array of interests filed testimony in opposition to FirstEnergy’s bailout proposal pending before the PUCO. OMA Energy Group witness Tom Lause, VP of Treasury & Tax, Cooper Tire & Rubber Company, characterized the proposal as a corporate bailout and explained that it will have the same negative impact on customers as the original rider proposal.  He further explained that the corporate bailout requested by FirstEnergy will make businesses less competitive in the global economy and will thwart their ability to take advantage of low market prices offered by competitive suppliers. Discovery in the case is ongoing.