Summary
An energy retailer has proposed a novel way to lower electricity costs within the territory of a combined FirstEnergy Corp. and Allegheny Energy Inc.: auction off their customers to the highest bidders.
Direct Energy, whose North American headquarters are located Downtown, submitted a proposal Wednesday to the state Public Utility Commission, adding that such a process could lower monthly bills and give about 2 million customers a one-time bill credit up to $500.See the full content of this document
Extract
Energy Retailer Says Putting Utility Users Up for Bid Could Cut Bills
FirstEnergy of Akron, Ohio, has offered $8.5 billion to acquire Greensburg-based Allegheny Energy, a deal that is being examined by utility commissions in four states and ...
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