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Friday, March 3, 2017

Energy Reregulation Could Derail Billions of Dollars of Projects in Ohio

From the Youngstown Vindicator:
The state of Ohio and the Mahoning Valley have begun to savor the fruits of an alternative-energy boom hastened by massive new state-of-the-art electricity-generating plants. 
In Columbiana County, South Field Energy is constructing a $1 billion 1,105-megawatt natural-gas fired power plant near Wellsville. In Trumbull County, Clean Energy Future continues work at a brisk pact to complete its $890 million Lordstown Energy Center, a mammoth plant to convert clean natural gas into electricity. The same company also is preparing to build the Trumbull Energy Center, a second mirror-image power plant in the booming Lordstown Industrial Park. 
The economic, environmental and consumer protection perks of these and other similar projects throughout Ohio are self-evident. Unfortunately, some of those projects – most notably the $1.8 billion Clean Energy investment – fear crippling static from the state’s legacy public utility companies that could derail the valuable endeavors. 
Bill Siderewicz, owner of the Boston-based Clean Energy Future, did not mince words about such potential disaster. In a story published on Page 1 of Sunday’s Vindicator, the executive said that if FirstEnergy, American Electric Power and other legacy utilities succeed in large-scale reregulation of public utilities, his projects “would leave Ohio immediately.”
Continue reading this article by clicking here. 

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