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Feds Say They Must Approve Power Purchase Agreements

Apr 28, 2016

The Federal Energy Regulatory Commission says the controversial power purchase agreements allowing two Ohio utilities to impose short-term rate increases cannot take effect until the agency approves them.

The state's deals with Akron-based FirstEnergy and Columbus-based American Electric Power are the subject complaints filed by competitors, who have joined opponents in calling them illegal power plant bailouts. The state approved the deals last month.