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FirstEnergy announces layoffs, told to credit customers same day



Published: Fri, August 9, 2013 @ 12:00 a.m.

Staff report

AKRON

It was a bad day for FirstEnergy on Wednesday as the company announced 250 layoffs and the Public Utilities Commission of Ohio issued a ruling against the company.

It’s unknown at this time if the layoffs will impact any workers in Mahoning, Trumbull or Columbiana counties, said Mark Durbin, spokesman for the Akron-based utility company.

The company still is in the evaluation process and should have the layoffs finalized sometime in September, he said.

Reports are that layoffs include 70 support staffers at the company’s Akron headquarters. The remaining positions are expected to be cut through a combination of not filling open positions or attrition throughout the company.

The other FirstEnergy news was that the utilities commission ordered FirstEnergy to credit $43.3 million back to customers after the company overcharged them for renewable energy purchases.

It was a unanimous action by the PUCO. FirstEnergy paid a subsidiary for renewable energy and then passed excess costs along to customers. Paying much more for the energy than other nonaffiliated companies, according to the PUCO.

The company said it disagrees with the commission’s decision and plans to appeal.

“The ruling does not change the fact that pur-chasing the renewable energy credits was the only option available to us under Ohio’s clean energy law,” FirstEnergy spokesman Doug Colafella said in an email. “The decision suggests we should have ignored Ohio law and it penalizes us for following the law.”

An audit of the over- charges by Exeter Associates Inc. indicated FirstEnergy paid 15 times more than any other company in the country to subsidiary FirstEnergy Solutions to buy the credits it would use to help meet Ohio’s renewable energy standard.

Associated Press reports contributed to this story.


Comments

1tomee(5 comments)posted 1 year ago

PUCO has only asked First Energy to repay customers 43 of 100 Million the over charged for. I'm gonna try that with my next house payment!!!!! no punishment just give us half the money back........

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2walter_sobchak(1882 comments)posted 1 year ago

More govt-forced fleecing of the average Joe making utilities purchase "renewable" energy. We sit on a couple of hundred years of coal that has a high BTU content but we don't want to use it even though technology exists to cleanly combust it. We have exported most of our "dirty" industry to overseas countries and have lost thousands and thousands of jobs in the process. It is impossible for man to exist and not have an affect on this planet, inspite of what the environmentalist wackos want you to believe. Insufficient energy arrives to the earth each day to grow our crops and power our energy demands. Thus, we use the energy stored in things like coal, methane, propane, petroleum, wood, etc.

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3southsidedave(4777 comments)posted 1 year ago

Big business and Government at work again...

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