AEP Ohio auction cleared at $46.24/MW h

摘要

Competitive units of Exelon, DTE Energy and FirstEnergy capturedrnmost of the 17 available tranches in AEP Ohio's latest wholesale powerrnauction, while prices in FirstEnergy's recent bidding process in thernstate again barely inched above $50/MWh, according to informationrnreleased Friday by the Ohio Public Utilities Commission.rnThe PUC on March 31 approved power purchase agreements forrnFirstEnergy and American Electric Power totaling in excess of 6,000rnMW of coal and nuclear generation. Critics deride the incomernguarantees, in essence, forms of re-regulation in a restructured state,rnas nothing more than subsidies that could cost customers up to $6rnbillion over their eight-year duration.