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Regulator Seeks Briefs On Authority To Use Long-Term Contracts, Currently Treated On Nonbypassable Basis, To Meet Default Service Load

Part Of Inquiry Into Spike In Non-supply Costs On Customer Bills

In seeking briefs concerning recent rate increases in nonbypassable transmission and other non-supply charges, the Connecticut PURA has raised the issue of applying electricity supplies currently purchased under long-term contracts, and sold into the wholesale market with no impact on the price to…

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FirstEnergy Solutions Corp. Files Revised Disclosure Statement In Bankruptcy Case To Address Court's Rejection Of Non-consensual Releases

FES Says Revision Provides Path For Company To Successfully Conclude Chapter 11 In 2019

FirstEnergy Solutions Corp. ("FES" or the "Company") today announced that the Company has entered into an agreement with FirstEnergy Corp. ("FE") that eliminates the non-consensual third-party releases from the Company's proposed plan of reorganization that the U.S. Bankruptcy Court addressed in its…

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FirstEnergy Solutions Corp. Announces Restructuring Support Agreement Under Which It Would Retain Retail Supply Business Beyond Chapter 11, As Privately Held Company

Will Terminate Agreement To Sell Retail Business To Constellation

FirstEnergy Solutions Corp. ("FES" or the "Company") today announced that the Company, the official committee of unsecured creditors (the "Committee"), two creditor groups representing a majority in aggregate amount of the Debtors' funded indebtedness and sale-leaseback certificates (the "Ad Hoc…

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New York PSC Decreases ESCO's ZEC Compliance Obligation

The New York PSC has directed the New York State Energy Research and Development Authority (NYSERDA) to suspend 55% of AP Gas & Electric (NY), LLC's and 16% of AP Gas & Electric (TX), LLC's monthly Zero-Emission Credit (ZEC) compliance obligation payment for the April 1, 2018 through March 31, 2019…

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