Citizen Power will appeal PUCO decision

According to Citizen Power, this procedure will allow FirstEnergy to qualify for 100 percent recovery of hundreds of millions of dollars in stranded costs, costs for which it would be at risk if such switches did not count toward a 20 percent statutory switching threshold. Citizen Power made the observation that a utility does not compete with its wholly owned subsidiary and that counting such intracorporate transfers would thwart the intentions of the Ohio legislature in passing its landmark restructuring legislation.

RIVERTON, Wyo., Sept. 13–Kennecott Uranium Co. (Kennecott) and Crested Corp. (USECC) have reached an agreement to settle all remaining issues in the litigation between Kennecott and USECC pending before the District Court of Fremont County, Wyoming.


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