Citizen Power Will Oppose the FirstEnergy Purchase of GPU

Citizen Power has worked for years to prevent increases in market control that allow utilities to keep out competitors in the regional market. That is the reason Citizen Power successfully opposed the acquisition of Duquesne Light Co. by Allegheny Energy, is still fighting the Ohio Edison-Centerior merger at the FERC, and is opposing the FE transition plan at the Public Utilities Commission of Ohio (PUCO). “The western Pennsylvania retail electricity market is flat and this planned buyout by FE would only help to ensure that no competition occurs in this region for a long time,” said David Hughes, Citizen Power executive director.

CHICAGO–Peoples Energy Corp. has announced a $5 million commitment to EnerTech Capital Partners II L.P., taking the fund’s total committed capital to $235 million. EnerTech Capital Partners is a private equity firm specializing in investment opportunities associated with the deregulation and resulting convergence of the energy, utility and telecommunications industries.

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