PUCO has granted First Energy a "ROE" guarantee of 10.38%

PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: lsayre On: Sat Apr 02, 2016 2:11 pm

Rate hikes are coming for First Energy's electricity customers in Ohio. The PUCO has taken the unprecedented step of guaranteeing a minimum annual "return on equity" of 10.38% for First Energy. If I'm understanding this correctly the added price burden is estimated to be $4 billion. I don't know if that is per year.

http://ieefa.org/wp-content/uploads/201 ... b-2016.pdf
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Blaschak Anthracite Pea
Other Heating: Resistance Boiler (13.5 KW)


Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: coalnewbie On: Sat Apr 02, 2016 3:45 pm

Yep, and in NY they have shut three coal plants and Cuomo is pushing to shut Indian Point. By some estimates that will translate to a 30% increase in electric rates.
coalnewbie
 
Hot Air Coal Stoker Stove: LL AnthraKing 180K, Pocono110K,KStokr 90K, DVC
Hand Fed Coal Stove: Invader 2
Baseburners & Antiques: Wings Best, Glenwood #8(x2) Herald 116x
Coal Size/Type: Rice,
Other Heating: Heating Oil CH, Toyotomi OM 22

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: Photog200 On: Sat Apr 02, 2016 4:08 pm

And we are loosing Fitzpatrick Nuclear plant here in NY next year too
Photog200
 
Baseburners & Antiques: Colonial Clarion cook stove, Kineo #15 base burner & 2 Geneva Oak Andes #517's
Coal Size/Type: Blaschak Chestnut
Other Heating: Electric Baseboard

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: coalnewbie On: Sat Apr 02, 2016 4:33 pm

Half by renewables by 2030 means a lot of the middle class will be saddled with crippling electricity bill rises.
coalnewbie
 
Hot Air Coal Stoker Stove: LL AnthraKing 180K, Pocono110K,KStokr 90K, DVC
Hand Fed Coal Stove: Invader 2
Baseburners & Antiques: Wings Best, Glenwood #8(x2) Herald 116x
Coal Size/Type: Rice,
Other Heating: Heating Oil CH, Toyotomi OM 22

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: lsayre On: Sun Apr 03, 2016 5:26 am

My initial guess is that after the (first?) rate hike, I will be paying a "delivered" price of about 15.5 cents per KWH. (Presently this is 14.5 cents per KWH)

Before coal and after oil we used to heat our home with only electricity (via a resistance boiler). In many years of doing so our single highest one month consumption was 6,000 KWH. And there were a good number of roughly 5,500 KWH winter months.

5,500 KWH x $0.155/KWH = $853
6,000 KWH x $0.155/KWH = $930

So if we were still heating with electricity we would be facing monthly electricity bills in the vicinity of $800 to $$950 (give or take) during the depths of winter.

As it stands now, our typical (and consistent) winter electricity bill hovers at about $62 month. That plus about $300 in coal (~2,200 lbs) for the absolutely worst case scenario month comes to $362. I'll take $362 vs. $930 for the coldest months we will see here anytime.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Blaschak Anthracite Pea
Other Heating: Resistance Boiler (13.5 KW)

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: coalnewbie On: Sun Apr 03, 2016 6:21 am

I'll take $362 vs. $930 for the coldest months we will see here anytime.


I am no IS in the metrics dept and I do not have exact numbers but nor do I need them. Using coal I save roughly $5000 a winter even with the reduced cost of HO. I was visited by Solar City just for giggles I tolerated them and listened to the pitch. My payback was 25 years (if ever) and at one stage that admitted I was saving $8-15 a month. With coal ROI is 2-3 years. This area has the highest level of solar adoption in NY (apparently). So if I follow everyone else and allow a 25 year ROI at $5000 a year ...... hmmmm, out comes my trusty $4 Wally calculator - that would allow me to spend $125,000 on coal stoves.

Wait a minute here, we must consider residual value. The solar junk on my roof will be outdated in 25 years so the residual is zero. The salesmen at Solar City dodged the issue that my roof will have to be renewed in the period and all the solar stripped off for that repair. They also dodged the issue that would have 2 leases against my property that must reduce it's market value.

My base heaters are worth at least what I paid for them .... So this means that I could buy every base heater on the planet and still be ahead. Plan B would be I could buy an EFM and then I could almost afford to have Rob R install it but I am not smart enough to get my mechanical engineering degree needed to keep it running. Wait for it ... 93 posters with hydronic systems will now tell me they never ever have troubles with their heating systems (or Detroit cars). hahahahaha, I slay myself.

I'm doing my best guys but there are a lot of stoves to look at and only so many hours in the day. :D

Excuse the diatribe but I am bored and it's cold and windy out there. What happened to spring?

and now the latest news ..... http://wattsupwiththat.com/2014/11/22/s ... wont-work/

It must be hard to be a liberal and be completely stupid.
coalnewbie
 
Hot Air Coal Stoker Stove: LL AnthraKing 180K, Pocono110K,KStokr 90K, DVC
Hand Fed Coal Stove: Invader 2
Baseburners & Antiques: Wings Best, Glenwood #8(x2) Herald 116x
Coal Size/Type: Rice,
Other Heating: Heating Oil CH, Toyotomi OM 22

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: lsayre On: Sun Apr 03, 2016 6:27 am

coalnewbie wrote:
Excuse the diatribe but I am bored and it's cold and windy out there. What happened to spring?



It's being delayed by something called a polar vortex. An inch of snow and 24 degrees here right now.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Blaschak Anthracite Pea
Other Heating: Resistance Boiler (13.5 KW)

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: SWPaDon On: Sun Apr 03, 2016 7:47 am

coalnewbie wrote:and now the latest news ..... http://wattsupwiththat.com/2014/11/22/s ... wont-work/
Yep, exactly what we've been trying to tell them for years. Thanks for posting that, CN.
SWPaDon
 
Hand Fed Coal Furnace: Clayton 1600M
Coal Size/Type: Bituminous
Other Heating: Oil furnace


Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: samhill On: Sun Apr 03, 2016 9:05 am

Sounds to me that this is no way a done deal!
http://www.powermag.com/blog/ohio-adopt ... st-energy/
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
Hand Fed Coal Stove: hitzer 75 in garage
Stove/Furnace Make: keystoker/hitzer
Stove/Furnace Model: koker 160/ hitzer 75

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: Hambden Bob On: Sun Apr 03, 2016 9:58 am

Coal is bad !

The IEEFA is a Pro Renewables,Anti Coal Site. I'm surprised that You're using them,Larry. I believe in Coal.

I also believe that We need a constant,available Source of reliable electricity. I believe that there has been zero attempt to consider that in the rush to ban Coal. I believe that the zeal to kill Coal has exposed the Green Movement for what it is-Vacant and Hollow.

I believe that Ohio can have a secure Electric Supply due to this Plan. I believe that We're going to be paying more for Electricity due to the Obama Endorsed Communist Green Movement. Enjoy that.
I also believe that the Corporate Capitalist Movement created a strange bedfellows alliance with the Greens for their own advantage. Enjoy that.
Our Lake Fleet was decimated. All Plants were shuttered,not sold,by an April 15th deadline regarding MATS (Mercury) Compliance. The EPA played right into Corporate Energy America's hands and carried the shield as the Bad Guy. One of the largest troubles needing a bailout was the fact that most of our heavy load users-Heavy/Mid Industrial Operations,were shuttered and sent Offshore. There was literally nowhere to send electricity to. Very interesting times for the small Consumer-You.....

You have two choices now :

1.) Go Amish,literally go off the grid and live in a manner that You find tolerable compared to the way You used to live. One problem-in an Urban,bedroom community setting,there are certain laws and rules regarding a residential structure's definition of maintained viability. I believe that there have been several Court proceedings of record where Municipalities went after Homeowners for not having a maintained Electric Supply to the residence.

2.) Stay connected,and pay the going price for what it takes to have a Dependable Electric Supply in these times. Note that Liberals don't worry about a Competent Dependable Electric Supply until the Polar Vortex arrives. Same goes for a Blazing Hot Summer. The days of simply,mindlessly flicking a switch,or plugging in have been over. You've just had to wake up to the fact.

As for me,I work for FE. I'm a Lineman. All of You know that. I'll never hide anything from All of You. I feel honestly glad that I have a dependable source available and secured for the next 8 years. If You've ever lived through Rolling Blackouts,Brownouts or Major Service Interruptions for up to 5 days,You'd understand my point.

If You want to stand idly bye and bitch,be my guest. If it was me,I'd use the time that was just bought and paid for,and come up with an alternative. You did it when You chose Coal for Heating and Hot Water. It's now time to do it for Electric. It may mean a Lifestyle Change regarding heavy load conveniences like Air Conditioning,Refridgerators,Electric Hot Water Heaters,Electric Ranges and Stoves,and of course,any type of Electric Heating.

We are just the type of Folks to leave the Herd. Let's look and see if there is a better path less travelled and do something about it. :dancing: :up:
Hambden Bob
 
Hot Air Coal Stoker Stove: Harman 1998 Magnum Stoker
Hand Fed Coal Stove: Blower Model Coal Chubby 1982-Serial#0097
Coal Size/Type: Rice-A-Roni ! / Nut
Other Heating: Pro-Pain Forced Air

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: lsayre On: Sun Apr 03, 2016 11:04 am

Samhill, I heard on the radio on my way to work on Friday that it was a done deal and we should prepare for rate hikes in Ohio. Or at least I believe that is what the radio voice was saying.

Hambden Bob, sorry about using the evil web link. I did a quick browser search and grabbed the first related thing that popped up.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Blaschak Anthracite Pea
Other Heating: Resistance Boiler (13.5 KW)

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: samhill On: Sun Apr 03, 2016 12:52 pm

I just picked that one out the other day Isayre, a friend of mine that lives in Andover was talking about it so I checked it out. From what he said that hasn't been an increase in years (which I found hard to believe) but I'm going to check if he can switch to the Co-Op that I belong to as I know they do go into some areas of Ohio. I wonder why the news wasn't released until after the primaries!
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
Hand Fed Coal Stove: hitzer 75 in garage
Stove/Furnace Make: keystoker/hitzer
Stove/Furnace Model: koker 160/ hitzer 75

Re: PUCO has granted First Energy a "ROE" guarantee of 10.38%

PostBy: lsayre On: Sun Apr 03, 2016 1:54 pm

samhill wrote:I just picked that one out the other day Isayre, a friend of mine that lives in Andover was talking about it so I checked it out. From what he said that hasn't been an increase in years (which I found hard to believe) but I'm going to check if he can switch to the Co-Op that I belong to as I know they do go into some areas of Ohio. I wonder why the news wasn't released until after the primaries!


My rate has increased a few times in the past couple years.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Blaschak Anthracite Pea
Other Heating: Resistance Boiler (13.5 KW)