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FERC Requires Federal Review of FirstEnergy Bailout in Ohio


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FERC Requires Federal Review of FirstEnergy Bailout in Ohio

WASHINGTON - The Federal Energy Regulatory Commission (FERC) today granted a complaint filed by the Electric Power Supply Association to require federal review of the FirstEnergy bailout in Ohio. Specifically, FERC has held that the Affiliate Power Purchase Agreement (“PPA”) between FirstEnergy Solutions and its regulated Ohio utilities will have to be submitted for review under FERC’s affiliate transaction standards (known as the Edgar/Allegheny standards) before any sales could be made.

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