Tag: credits

FirstEnergy Ohio Utilities Launch Request for Proposal for 2020 Renewable Energy Credits

AKRON, Ohio, Sept. 30, 2020 /PRNewswire/ — FirstEnergy Corp. (NYSE: FE) today issued a Request for Proposal (RFP) to purchase Ohio-compliant Renewable Energy Credits (RECs) for its Ohio utilities – Ohio Edison, The Illuminating Company and Toledo Edison. The purchases will help meet the companies’ 2020 renewable energy targets established under Ohio’s alternative energy law.

RECs sought in this RFP must be eligible for compliance with the companies’ 2020 renewable energy obligations in accordance with rules and procedures put forth by the Public Utilities Commission of Ohio (PUCO), be deliverable through PJM Environmental Information System Generation Attribute Tracking System (EIS GATS), and generated between January 1, 2018, and December 31, 2020. The companies plan to purchase 373,000 RECs, which can include solar renewable energy credits.

One REC represents the environmental attributes of one megawatt hour of generation from a PUCO-qualified renewable generating facility. The cost of

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Editorial: A better idea for Virginia’s controversial coal tax credits | Editorial

The cold-eyed accountants for the General Assembly’s auditing arm made headlines recently when they ran the numbers on the state’s coal tax credit and concluded that it actually costs the state more jobs than it saves.

This is good news for coal-hating Democrats who have tried for years now to get rid of the program and bad news for Republicans who represent the counties that produce coal.

At least that’s the conventional reading of the Joint Legislative Audit and Review Commission’s report. Today we propose a more unconventional reading under which coal country Republicans should embrace that finding and use it to their region’s advantage.

Before we get to that, let’s review some fascinating big-picture facts that the auditors assembled. First, Virginia coal production peaked in 1990 and has declined ever since. It’s now about one-third of what it was then. That means it hasn’t mattered which party controls either

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