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Mar 4, 2021 · Akron, Ohio, March 4, 2021 — The City of Akron has successfully renewed its electric aggregation program, with generation that is 100% carbon-free. Following a competitive bid process, the City selected Energy Harbor’s fixed generation price of 4.97 cents/kWh, which will be applied to customer bills beginning May of 2021 and remain in place ...
- Akron Return to Office in 2022
- 4 Billion in 'Transformative' Deals
- $17 Billion in Spending to Upgrade Tech
- Renewables Seen as Future Power Source
- Stock Price Recovering
- Community Involvement Remains
He also said the utility continues to look at when its Akron employees can return to work in their downtown office building. Right now, the end of February looks to be the earliest opportunity, depending on what is going on with the COVID-19 pandemic. Strah said FirstEnergy, which has about 12,000 employees in five states, could end up with a hybri...
FirstEnergy in November announced what Strah said are two transformative actions: • A 19.9% minority stake sale of its regulated transmission business, FET, to Brookfield for $2.4 billion in cash, with the deal expected to close next year. • A $1 billion equity sale to Blackstone Group that also will result in Blackstone getting a seat on the First...
FirstEnergy plans to use $2.2 billion out of the upcoming $3.4 billion to increase capital spending to $17 billion into 2025, with $10 billion targeted at sustainable energy investments. FirstEnergy will be investing billions of dollars in upcoming years to make its transmission and distribution systems more reliable, Strah said. Money will be spen...
FirstEnergy is preparing for an energy transition away from natural gas and coal to renewable sources of power such as windfarms and solar, Strah said. While FirstEnergy calls itself a pure-play regulated transmission and distribution company, its West Virginia subsidiary still owns two coal-fired power plants. The utility plans to keep the coal pl...
FirstEnergy's stock price took a major hit from both the pandemic and the ongoing scandal investigations, wiping billions of dollars off the value of the company called market cap – the share price times number of shares. The utility's stock price has bumped up in 2021 since Strah took on the role of CEO at the end of October 2020. The share price ...
FirstEnergy will remain involved in its communities, including sponsorships, employee volunteers and corporate contributions, Strah said. "All the other matters are out there and are real. We're dealing with them as we need to," Strah said. "Do I get updates from our legal team from time to time? Yes. I need to stay cognizant of our progress. But a...
- Jim Mackinnon
- Jim Mackinnon, Business Reporter
Apr 2, 2024 · The city built a new facility at 222 Opportunity Parkway next to the decommissioned plant. The $35 million plant opened in 2020 and has earned nearly $2 million annually. “It’s been over three years now,” said Divis, president of Akron Energy Systems. “It’s performed as good or better than expectations.
Apr 9, 2023 · The average weighted base price in June will rise to at least 10.1 cents per kilowatt hour (kwh) from a current price of 5.3 cents/kwh — a 91% increase. As the regulated utility, FirstEnergy and its operating companies such as Ohio Edison provide a default price to customers who do not choose their own provider.
- Betty Lin-Fisher
- Consumer Reporter
Mar 26, 2024 · COLUMBUS, Ohio, March 26, 2024 /PRNewswire/ -- Power a Clean Future Ohio (PCFO) is thrilled to celebrate the addition of the City of Akron as its 50th member community. This achievement represents ...
May 15, 2023 · This isn't the steam many Akronites remember. And thank the gods of fire and water for that. Because Akron's steam plant — now a steam and chilled-water operation known to most as Akron Energy Systems (AES), the contractor that runs the city-owned plant — is no longer the explosive embarrassment and foggy threat to hospitals and downtown buildings it once was.
City of Akron Joins Power a Clean Future Ohio, Signifying its Commitment to Climate Action and Clean, Renewable Energy (Akron, OH) – With the adoption of a resolution by the City Council on March 25, 2024, the City of Akron has officially joined Power a Clean Future Ohio (PCFO), furthering its commitment to reduce carbon emissions and improve sustainability.
