FirstEnergy

Davis Besse nuclear power plant (Creative Commons)
FirstEnergy / Nuclear Energy

All eyes on Davis-Besse

CARROLL TOWNSHIP —  “At almost 500 feet above the ground, Davis-Besse Nuclear Power Station’s cooling tower has loomed over Lake Erie like a concrete lighthouse for 40 years, with a water vapor plume that can be seen more than 30 miles away on a clear day. …But nuclear power plants are […]

FirstEnergy’s dim idea
Energy / FirstEnergy

FirstEnergy’s dim idea

TOLEDO — “FirstEnergy thinks its Davis-Besse and Perry nuclear power plants are so wonderful that Ohioans should pay 5 percent more on their electric bills for the privilege of sharing a state with them. …FirstEnergy also argues that unlike facilities that rely on wind and sunlight, nuclear plants operate around […]

FirstEnergy's nuclear subsidy proposal cannot be found on the company's website.
FirstEnergy / Utilities

FirstEnergy rate increase for nuclear still shadowy but opponents lining up

CLEVELAND — “FirstEnergy’s plan to convince Ohio lawmakers they should save the company’s nuclear reactors by funneling more money from customers to the company has still not seen the legislative light of day. But for certain, the company has shopped its proposal to key lawmakers with a full-color, professional-looking, authoritative […]

Crain’s editorial: Power play
Energy / FirstEnergy

Crain’s editorial: Power play

CLEVELAND — “There’s no doubt FirstEnergy Corp. finds itself in a serious financial crunch. But Ohio legislators should proceed with caution when it comes to the Akron company’s desire for so-called “zero emission credits” (ZEC) for its nuclear plants in the state. FirstEnergy reported a loss of $6.2 billion, or […]

FirstEnergy's Perry nuclear plant. Photo By
Wainstead / Creative Commons
Energy / FirstEnergy

New Ohio ‘bailout’ request shakes up nuclear/carbon debate

CLEVELAND — “The growing debate over nuclear power’s role in curbing emissions is running headlong into an ongoing controversy over “bailouts” for Ohio’s largest utility. FirstEnergy, which has previously sought support for noncompetitive power plants, is now asking Ohio lawmakers for ‘zero emission credits’ for its aging nuclear plants. Environmental […]

Future of power plants is pricey concern for investors
Energy / FirstEnergy

Future of power plants is pricey concern for investors

COLUMBUS — “Investors putting billions of dollars into natural gas-fired electric plants in Ohio say they’re concerned state legislators might make their investments virtually worthless by re-regulating the state’s electric industry. ‘They want to kick us out of Ohio,’ contends Bill Siderewicz, president of Clean Energy Future, a Boston company […]

The Davis-Besse Nuclear Power Station (Credit: NRC)
FirstEnergy / Nuclear Energy

FirstEnergy talks bankruptcy and need for bailout of its nuclear plants

AKRON — “FirstEnergy Corp. executives used two words a lot when discussing the company’s financial position and its plans to exit the nuclear power business when they spoke with analysts Wednesday, Feb. 22: ‘bankruptcy’ and ‘billions.’ The Akron-based company might be working to position itself for better treatment from state […]

The Perry nuclear power plant east of Cleveland is one of four reactors that FirstEnergy is preparing to sell or shut down because atomic energy, once "too cheap to meter," is often now more expensive that power generated by high-tech combined-cycle gas turbines. The FirstEnergy subsidiary which owns the power plants is today worth less than its combined long-term debt. (Credit: Plain Dealer file photo)
FirstEnergy / Nuclear Energy

FirstEnergy Corp. to sell or close its nuclear plants

AKRON — “FirstEnergy made it clear Wednesday that it is leaving the competitive power plant business, closing or selling all of its plants, including its nuclear plants, by the middle of next year. The sale of the nuclear plants to another company would have little immediate impact on customer bills. […]

FirstEnergy is about to ask Ohio lawmakers to create new regulations awarding "zero emission credits," or ZECs, to its nuclear power plants, Davis-Besse east of Toledo and Perry east of Cleveland, in recognition that they do not contribute to air pollution. The ZECs would increase customer bills. The plan is sure to be challenged in federal court because it would subsidize the nukes which are supposed to be operating in a competitive market.
Energy / FirstEnergy

FirstEnergy to seek “zero emission credits” for its 2 Ohio nukes

COLUMBUS — “FirstEnergy needs more money to keep its two Ohio nuclear power plants operating and, according to a Cincinnati Republican lawmaker who broke the news to the public this morning, is proposing new charges called ‘zero emission credits.’ …Lobbyists said each Zero Emission Credit, or ZEC, in Ohio would be […]

Ohio voters want energy choice, oppose return to monopoly utilities
AEP / Energy / FirstEnergy

Ohio voters want energy choice, oppose return to monopoly utilities

CLEVELAND — “Efforts by the state’s traditional monopoly power companies to persuade lawmakers to scrap competitive markets and return to a fully regulated system could run afoul of an important political player — voters. A telephone survey conducted in January by Fallon Research and Communications, of Columbus and Washington, D.C., found […]