PUCO

AES Reports Record Performance in 2023 & Raises Long-Term Guidance

Retrieved on: 
Monday, February 26, 2024
AES, AES Corporation, Electricity, Investment, Webcast, Interest, Indiana Utility Regulatory Commission, Growth, Internet access, Parent, Public utility, Sale, Public utilities commission, Holding company, Wind, PUCO, GAAP, Completeness, SBU, Dilution, EPS, Professional, AES Indiana, Renewable energy

ARLINGTON, Va., Feb. 26, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today reported financial results for the year ended December 31, 2023.

Key Points: 
  • "Overall, 2023 was AES' best year ever in terms of both execution and financial performance.
  • Full year 2023 Net Income (Loss) was ($182) million, including $1.1 billion of impairments in 2023 primarily related to the Company's continued exit from coal-fired generation.
  • During full year 2023, the Company realized Tax Attributes5 of $611 million, an increase of $344 million compared to full year 2022.
  • The Company's 2024 guidance is based on foreign currency and commodity forward curves as of December 31, 2023.

FirstEnergy Ohio Utilities’ Competitive Bidding Process Auction: Information Session for Prospective Bidders on Thursday, February 8, 2024

Retrieved on: 
Tuesday, February 6, 2024
Professional Services, Utilities, Legal, Energy, Finance, Consulting, Banking, Auction, CRA International, FirstEnergy, CRAI, Public utilities commission, PUCO, Part, Cisco Webex, FE

The auction process will lead up to the auction scheduled for March 19, 2024.

Key Points: 
  • The auction process will lead up to the auction scheduled for March 19, 2024.
  • The Information Session for prospective bidders for the February auction is scheduled for Thursday, February 8, 2024.
  • Part 1 Applications from prospective bidders will be accepted starting February 9, 2024, and are due no later than February 20, 2024.
  • For successful Part 1 applicants, the submission window for the Part 2 Application process will begin on February 23, 2024.

FirstEnergy Ohio Utilities’ Competitive Bidding Process Auction: Applications From Prospective Bidders Due No Later Than Thursday, January 25, 2024

Retrieved on: 
Thursday, January 18, 2024
Other Energy, Legal, Utilities, Finance, Energy, Consulting, Banking, Professional Services, Part, CRAI, FirstEnergy, CRA International, Public utilities commission, PUCO, Auction, FE

The auction process will lead up to the auction scheduled for February 19, 2024.

Key Points: 
  • The auction process will lead up to the auction scheduled for February 19, 2024.
  • The bidding process will use a descending-price clock auction format.
  • Part 1 Applications from prospective bidders are due no later than January 25, 2024.
  • For successful Part 1 applicants, the submission window for the Part 2 Application process will begin on January 30, 2024.

FirstEnergy Ohio Utilities Launch Request for Proposal for 2023 Renewable Energy Credits

Retrieved on: 
Monday, October 16, 2023
Multimedia, NYSE, EIS, PUCO, REC, Outline, FirstEnergy, FE, The United Illuminating Company, Guarantee of origin, Safety, CRA International, EPT, RFP, Electric power, Sales, Auction

AKRON, Ohio, Oct. 16, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today issued a Request for Proposal (RFP) to purchase Ohio-compliant Renewable Energy Credits (RECs) for its Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison.

Key Points: 
  • AKRON, Ohio, Oct. 16, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today issued a Request for Proposal (RFP) to purchase Ohio-compliant Renewable Energy Credits (RECs) for its Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison.
  • The purchases will help meet the companies' 2023 renewable energy targets established under Ohio's alternative energy law.
  • RECs sought in this RFP must be:
    Eligible for compliance with the companies' 2023 renewable energy obligations.
  • The companies plan to purchase 570,000 RECs, which can include solar renewable energy credits.

Nationwide Energy Partners Celebrates One-Year of Industry Leading Rate Guarantee Program

Retrieved on: 
Thursday, August 3, 2023
PUCO, Harper, EST, Public utilities commission, MDU, Mouth, Public Utilities Commission of Ohio, Interest rate guarantee, NEP, Network equipment provider, Health insurance, COLUMBUS

COLUMBUS, Ohio., Aug. 3, 2023 /PRNewswire/ -- Nationwide Energy Partners (NEP), an Ohio-based energy services company focused exclusively on multifamily (MDU) communities, has announced the one-year anniversary of its industry-first 'Rate Guarantee' Program.

Key Points: 
  • COLUMBUS, Ohio., Aug. 3, 2023 /PRNewswire/ -- Nationwide Energy Partners (NEP), an Ohio-based energy services company focused exclusively on multifamily (MDU) communities, has announced the one-year anniversary of its industry-first 'Rate Guarantee' Program.
  • NEP's Rate Guarantee Program is designed to provide communities in Ohio and their residents with confidence in the accuracy of the electric rates they are charged on their NEP billing statements.
  • "Residents of our clients are empowered under our Rate Guarantee Program to receive what their landlord contracted for or get a credit back."
  • NEP's Rate Guarantee Program is available to Ohio residents where the local utility has published an online rate calculator.

AES Reports Positive Momentum in First Quarter; Reaffirms 2023 Guidance; Introduces New Strategic Business Units

Retrieved on: 
Thursday, May 4, 2023
Economic Insights, Public utility, SBus, World's oldest architectural practices continuously operating, Dilution, GAAP, Interest, Electricity, Hydrology, Renewable energy, Warrior Run Generating Station, NYSE, Parent, Energy, MP3, PUCO, AES Indiana, California Public Utilities Commission, Coal, AES Corporation, Warrior Run, Growth, Maryland Public Service Commission, Biomass, Webcast, Carbon, Institute of Nuclear and New Energy Technology, Natural gas, Adjustment, PPA, PSC, Small Business Saturday, New energy, Wind, EBITDA, Professional, Internet access, AES, EPS, Weather, Public utilities commission, SBU, Cryptocurrency, Management, Marketing, Bookkeeping, Radiant exposure, LNG

ARLINGTON, Va., May 4, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) today reported financial results for the quarter ended March 31, 2023.

Key Points: 
  • "Our first quarter results put us on track to meet our 2023 guidance and longer-term growth rates," said Andrés Gluski, AES President and Chief Executive Officer.
  • I am also pleased to announce our four new Strategic Business Units, which better reflect the greatly simplified company that AES is today."
  • First quarter 2023 Net Income was $189 million, an increase of $18 million compared to first quarter 2022.
  • This increase is the result of favorable contributions from the Energy Infrastructure and New Energy Technology Strategic Business Units (SBU), partially offset by lower contributions from the Utilities and Renewables SBUs.

FirstEnergy's Ohio Electric Companies Encourage Customers to Review Options to Help Manage Summer Electric Bills

Retrieved on: 
Wednesday, April 19, 2023
FirstEnergy, PUCO, The United Illuminating Company, Electricity, Tax, Multimedia, Public Utilities Commission of Ohio, FE, Family, Public utilities commission, NYSE, Safety, Electric power, Online shopping

AKRON, Ohio, April 19, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is encouraging customers of its Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – to evaluate electric supply offers from competitive suppliers that fit their budget and protect against rising energy prices this summer. Due to the results of recent competitive auctions, FirstEnergy customers who rely on their electric company for all aspects of service are expected to see an increase in the price they pay for electric generation beginning June 1.

Key Points: 
  • AKRON, Ohio, April 19, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is encouraging customers of its Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – to evaluate electric supply offers from competitive suppliers that fit their budget and protect against rising energy prices this summer.
  • For the second component, customers can shop and choose a competitive energy supplier that may be able to offer a lower price for generation.
  • FirstEnergy electric companies do not control the price of generation, which is provided to customers at cost.
  • Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York.

First Financial Bancorp Nominates Dawn Morris and Andre Porter to Board of Directors, as Corinne Finnerty to Retire

Retrieved on: 
Monday, March 27, 2023
Ohio State University, First Horizon Bank, Army, Capital University, Marketing, PUCO, RBC Bank, Electricity, Ohio Department of Job and Family Services, State government, Private practice, First Financial Bank (Ohio), Vermont Public Utility Commission, First, Webster Bank, Ohio Department of Commerce, ESG, Public utilities commission, Midcontinent Independent System Operator, MISO, Commerce, Management

"Dawn and Andre are both excellent nominees to join the First Financial Board of Directors," said Claude Davis, chairman.

Key Points: 
  • "Dawn and Andre are both excellent nominees to join the First Financial Board of Directors," said Claude Davis, chairman.
  • First Financial also announces that Corinne Finnerty will retire from the board when her current term expires, at the end of the board meeting on May 23.
  • "The board expresses our sincere gratitude to Corinne for more than two decades of service," Davis said.
  • "Corinne has provided trusted and valued guidance through numerous economic cycles as First Financial has grown to help more clients and communities thrive."

FirstEnergy Ohio Utilities’ Competitive Bidding Process Auction: Information Session for Prospective Bidders on Wednesday, February 1, 2023

Retrieved on: 
Wednesday, February 1, 2023
Professional Services, Utilities, Legal, Energy, Finance, Consulting, NYSE, Standardized service contract, Public utilities commission, Auction, CRAI, Tenderly: An Informal Session, PUCO, FirstEnergy, Public Utilities Commission of Ohio, CRA International, Part, FE, Cisco Webex

The auction process will lead up to the auction scheduled for March 20, 2023.

Key Points: 
  • The auction process will lead up to the auction scheduled for March 20, 2023.
  • The Information Session for prospective bidders for the March auction is scheduled for Wednesday, February 1, 2023.
  • Instructions on how to join the WebEx session are available on the Auction Information Website at www.firstenergycbp.com .
  • Part 1 Applications from prospective bidders will be accepted starting February 2 and are due no later than February 15.

Essential Utilities’ Aqua Ohio Subsidiary Reaches Agreement to Purchase Union Rome Wastewater System from Lawrence County

Retrieved on: 
Wednesday, January 11, 2023
Energy, Natural Resources, Utilities, Other Natural Resources, WTRG, Commissioner, Essential Utilities, Employment, Collection, PUCO, NYSE, Essential, Organization, Water, URS, Investment, Plumbing, Public utility, County, Aqua

Essential Utilities Inc. (NYSE: WTRG) today announced that its regulated water subsidiary, Aqua Ohio has signed an asset purchase agreement with Ohio’s Lawrence County Commissioners to purchase the Union Rome Sewer (URS) system which includes a wastewater collection network and treatment plant serving 5,300 connections in the southeast corner of the County for $25.5 million.

Key Points: 
  • Essential Utilities Inc. (NYSE: WTRG) today announced that its regulated water subsidiary, Aqua Ohio has signed an asset purchase agreement with Ohio’s Lawrence County Commissioners to purchase the Union Rome Sewer (URS) system which includes a wastewater collection network and treatment plant serving 5,300 connections in the southeast corner of the County for $25.5 million.
  • “I commend the Lawrence County Commissioners for reaching an agreement that addresses the multiple needs of the system and the customers,” said Aqua Ohio President Robert Davis.
  • Affected customers will be notified of the purchase and details about the transition once the agreement is approved by the PUCO.
  • Union Rome Sewer is the third asset purchase agreement executed by Essential’s Aqua companies in 2022.