Since Governor John Kasich vetoed Substitute House Bill 554, causing Ohio’s renewable energy standards to resume (see our January 12, 2017 blog post), “FirstEnergy Corp. of Akron will be required to boost the percentage of renewable energy it distributes to retail customers,” Cleveland.com reports. Doug Colafella, a spokesperson for FirstEnergy, said the utility “will likely buy renewable energy credits (RECs) and solar renewable credits (SRECs) in the fall to meet the mandate,” according to the article. While RECs and SRECs “do not represent actual purchases of electricity,” they “offset the cost of investments in renewable energy made by others.” American Electric Power (AEP) had previously announced plans to develop 500 megawatts (MW) of wind power and 400 MW of solar in Ohio (see our May 24, 2016 blog post), and the company “does not expect any problem meeting the renewable energy mandates.” For more, read the full article.
AEP, FirstEnergy have different strategies for meeting renewable energy requirements
