CLEVELAND — “Now that Ohio’s renewable energy standards have snapped back in place by virtue of Gov. John Kasich’s veto of Substitute House Bill 554, FirstEnergy Corp. of Akron will be required to boost the percentage of renewable energy it distributes to retail customers.
A freeze of the mandates in 2014 capped that percentage at 2.5 percent, but now FirstEnergy will be required to increase that amount, starting with another percentage point of renewable energy in 2017.
…Colafella said FirstEnergy, which distributes electricity in Northeast Ohio through The Illuminating Company and Ohio Edison, will likely buy renewable energy credits (RECs) and solar renewable credits (SRECs) in the fall to meet the mandate.
…American Electric Power, which is based in Columbus, is considering a different approach than FirstEnergy. AEP says that it plans to develop 900 megawatts of wind and solar energy in Ohio over the next five years and that it does not expect any problem meeting the renewable energy mandates.”
— Peter Krouse, Cleveland Plain Dealer
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