Bond rating agency says OVEC plants will be uneconomical “for the foreseeable future”

2024-12-12

Despite a surge in the number of electricity-hungry data centers opening in central Ohio, the coal-fired power plants owned by Ohio Valley Electric Corp. (OVEC) are no closer to profitability, according to a report from the bond rating agency Fitch. “While regional demand growth (especially from data centers) may tighten energy markets, Fitch expects OVEC’s… Read more »

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PUCO wipes mentions of HB 6’s corruption from the record

2024-12-2

As it continues to whitewash the effects of the state’s corrupt HB 6 law, the Public Utilities Commission of Ohio routinely strikes expert witness testimony that highlights the law’s corrupt origins or the capture of PUCO’s staff by utility interests. During the first audit into the effects of the 2019 law that requires Ohio ratepayers… Read more »

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