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. 

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Josh Fox Takes Another Approach to Attacking Oil & Gas Industry: They Don't Care About Worker Safety