Ohio Court Remands Renewable Energy Credit Refund Order from 2013
Finding that the underlying action was tantamount to unlawful retroactive rate making, the Ohio Supreme Court has sent back to the Ohio Public Utilities Commission a 2013 decision in which the commission had required FirstEnergy Corporation’s Ohio affiliates to return to their customers more than $43 million for what the commission deemed to be excessively priced purchases of renewable energy credits (RECs) dating back to 2010. In its decision, the commission said that an audit had revealed that some of the utilities’ REC purchases had not been prudent and therefore must be disallowed.