Energy / FirstEnergy

Bankruptcy court OKs FirstEnergy Solutions settlement, setting stage for reorganization

AKRON — “U.S. Bankruptcy Judge Alan Koschik said late Tuesday that he will approve a complicated settlement of financial issues between FirstEnergy and its bankrupt subsidiary FirsrtEnergy Solutions. FirstEnergy will make a settlement payment of $225 million to FES and issue $628 million in notes for the subsidiary that will […]