The Brattle Group will launch an RfP for the purchase of SPAECs this month.
Applications are due by February 5, 2019, and bids due by February 27, 2019. Deliveries of SPAECs are expected this year.
(Source: FirstEnergy, Renewables, 21 Jan., 2019)
Contact: The Brattle Group, (202 955-5050, (415) 217-1000, www.brattle.com; First Energy, www.firstenergy.com
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Akron-based FirstEnergy Corp. played a major role in the reduction. While it has continued to operate its two nuclear plants that don't emit any meaningful carbon, the company closed several coal-fired power plants in Ohio and boosted its use of renewable energy.
The decline is attributed to the advent of cheap shale gas which has caused new natural gas power plants to come online in Ohio and nearby states that sell their power into Ohio on a shared electric power grid. That's all while companies like FirstEnergy have shuttered coal plants that can't compete economically with natural gas-fired plants.
In 2005, approximately 88 pct of Ohio's electric power was coal generated. Today it is closer to 50 pct, according the the EIA.
Over 60 generation units at about 20 coal-fired plants have been closed down in Ohio since 2010.
(Source: US EIA, Crain's Cleveland Business, Others, Jan., 2018) Contact: US EIA, www.eia.gov; First Energy, www.firstenergy.com
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