September 2, 2016, Volume 5, Issue 128

09/02/2016

Update: Parties filed their reply briefs on the various rehearing proposals that have been presented for the PUCO’s consideration. Drawing on the testimony of Thomas Lause of Cooper Tire & Rubber Co., OMA Energy Group reiterated its position that the proposals put forth by FirstEnergy and Staff amount to nothing more than a corporate bailout of FirstEnergy’s parent corporation. Next, OMA Energy Group rebutted FirstEnergy’s claim that the virtual PPA underlying Modified Rider RRS will improve rate stability by explaining that supply contracts provided by CRES providers already offer this stability benefit. Finally, OMA Energy Group countered the claims of FirstEnergy and Staff that the credit support rider could usher in grid modernization initiatives by showing that there is no explicit condition requiring revenue received through the credit support rider to be used for grid modernization. With briefing now over, OMA Energy Group anticipates a PUCO decision within the next few weeks.

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