American Electric Power (AEP), Duke Energy and FirstEnergy Corp. have submitted proposals to the Public Utilities Commission of Ohio (PUCO) asking for power purchase agreements so they can get “long-term, guaranteed contracts to buy electricity from their subsidiaries’ power plants at a fixed price,” reportsColumbus Business First. The utilities would then sell the electricity on the open market, at rates that “could be higher or lower than what the utilities paid,” and then credit or charge customers for the difference in price, according to the article. Environmental regulations, the closing of some coal-fired power plants, and increasing domestic natural-gas supplies are all putting pressure on the electricity market. Dylan Borchers of Bricker & Eckler, LLP’s regulated industries group, said in the article, “They want the cost recovery without the oversight. It’s not re-regulation.” For more, read the full article