Energy News Network reported on Ohio regulators asking FERC to reconsider a pricing ruling that could severely increase the state's electricity costs, quoting AEE's Jeff Dennis. Read excerpts below and the entire Energy News Network piece here. 

Ohio regulators are among dozens of challengers asking the Federal Energy Regulatory Commission to reconsider a ruling that could bump Ohio’s electricity costs up more than $1 billion per year to counter state subsidies for various kinds of electricity generation. Those expenses would be in addition to amounts customers will already pay under Ohio House Bill 6. The law, passed last year, will primarily subsidize two FirstEnergy Solutions/Energy Harbor nuclear power plants and two 1950s-era coal plants. A much smaller amount is earmarked for a handful of already permitted solar projects...

FERC’s Dec. 19 ruling gives PJM 90 days to tell FERC how it plans to comply with the order. Some months after FERC approves that, PJM would then hold its next capacity market auction. Last year’s capacity market auction for 2022/2023 still has not taken place.

Technically, FERC has 30 days to respond to the requests for reconsideration or clarification that are filed this week. The commission often grants itself an extension of time, though, said Jeff Dennis, managing director and general counsel for Advanced Energy Economy. If that happens in this case, it could be months before FERC’s order becomes final for purposes of an appeal to the federal courts.

Meanwhile, one or more states might explore an exception for carving out all or part of a state’s geographic area from the capacity market. In Illinois, for example, the pending Clean Energy Jobs Act could give state regulators the authority to procure capacity for the part of the state within PJM’s grid area, explained Christie Hicks, a senior attorney at the Environmental Defense Fund...

Read the entire Energy News Network piece here.