“High electricity prices are not only painful for individuals, but also can make it difficult to attract and keep businesses.”
The Associated Press reports:
The closings of six coal-burning power plants operated by FirstEnergy Corp. could end up bringing higher electricity rates to much of northern Ohio several years from now, the state’s utility regulators said.
The Public Utilities Commission of Ohio this week sent notice to the federal energy regulators that the closings “could have a dramatic impact on electric prices” in a region that stretches across the top of northern Ohio and dips into the central part of the state. That area includes Toledo, Cleveland and Youngstown and their suburbs.
FirstEnergy announced two weeks ago it was shutting down four coal-fired power plants in Ohio and one each in Pennsylvania and Maryland, blaming new environmental regulations aimed at reducing pollution…