FirstEnergy

Photo by Sharon McCutcheon on Unsplash
FirstEnergy / Nuclear Energy

Nuclear bailout bill shows how big money can be put to work in the Ohio Statehouse

COLUMBUS — “From well-placed campaign contributions, to lobbyist-engineered testimony, to millions of dollars in mysteriously funded TV and radio ads, the effort to get the state legislature to pass a bill bailing out two nuclear plants owned by a former FirstEnergy subsidiary is a textbook example of how big money can […]

FirstEnergy’s CEO sees a long future in Akron for the transforming electric utility
Energy / FirstEnergy / Ohio Utility Bailouts

FirstEnergy’s CEO sees a long future in Akron for the transforming electric utility

AKRON — “FirstEnergy is on the verge of becoming a completely regulated company, once its unregulated generation arm, FirstEnergy Solutions, completes its Chapter 11 bankruptcy reorganization and emerges as an independent company with a new name, as many anticipate will happen later this year. …While FirstEnergy will not own any nuclear […]

Nuclear bailout bake sale at FirstEnergy shareholder meeting
Energy / FirstEnergy / Ohio Consumers Power Alliance / Ohio Utility Bailouts

Nuclear bailout bake sale at FirstEnergy shareholder meeting

AKRON — Ohio Citizen Action hosted a Nuclear Bailout Bake Sale today at the annual FirstEnergy shareholders meeting to help the struggling utility giant keep open the Perry and Davis-Besse nuclear power plants.  Power drinks were available at the bake sale for $10,000 and energy bars for $25,000. All participating […]

Battle over energy bill includes $2.4M in ads to sway public
Energy / FirstEnergy / Ohio Utility Bailouts

Battle over energy bill includes $2.4M in ads to sway public

COLUMBUS — “Drama, political pressure and money is churning around an energy bill that could cost consumers $300 million each year in surcharges on their electricity bills and could help save two aging nuclear power plants from closing. Ohio House Speaker Larry Householder, R-Glenford, unveiled House Bill 6 on April 12. […]

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 / Ohio Utility Bailouts

Vote delayed on bill to prop up Ohio nuclear plants

“Lawmakers in the Ohio House continue to debate a bill that would bail out the state’s two financially struggling nuclear power plants. Earlier this week, some Democrats walked out of a committee hearing, saying their concerns were not being heard. Speaker Larry Householder says he talked to Democrats and the […]

State Rep. Kristin Boggs, a Columbus Democrat, asks questions of Joe Price, TimkenSteel's senior manager of government affairs and energy commodity, during a House Energy and Natural Resources Committee hearing on Wednesday. Boggs and other Democrats on the committee, including state Rep. Casey Weinstein of Hudson (right), walked out of the committee hearing for more than an hour after the committee's Republican chair initially declined to allow Boggs to question Price.
Energy / FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Ohio House Democrats walk out of energy bill hearing, claiming GOP ‘show trial’

COLUMBUS — “Democrats on an Ohio House committee hearing a controversial ‘clean-energy’ bill walked out of a hearing Wednesday for more than an hour after the committee’s Republican chair wouldn’t allow a Democratic lawmaker to ask questions of a witness supporting the measure. Democrats, whose votes are considered important to pass House Bill […]

House divided over energy bill
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

House divided over energy bill

“Well, I think the bill right now, as its currently crafted, is the wrong step in the wrong direction”, said Rep. David Leland (D-Columbus). Rep. Leland, says there’s still a lot to be desired in the bill. “The way the bill is right now, it’s not workable, it’s going to […]

HB 6, the Ohio nuclear bailout bill, is a bad bill, but it can be made better: editorial
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

HB 6, the Ohio nuclear bailout bill, is a bad bill, but it can be made better: editorial

“Here’s what lawmakers should do to make the bill less bad: *Retain both Ohio’s renewable-energy and energy-efficiency standards. *Revise Ohio energy policy to its pre-2014 status, when renewable-energy standards favored in-Ohio production, and wind-energy development wasn’t handicapped by deal-killing, over-the-top setback rules crowbarred into an unrelated 2014 bill by a […]

FirstEnergy headquarters in Akron.
FirstEnergy / Utilities

Ohio lawmakers seek to relax profit limits on FirstEnergy, other utilities

COLUMBUS — “If passed, the Akron-based utility would stand to make more money from ratepayers, rather than having to issue refunds to more than a million customers in northeast and north-central Ohio. The amendment, one of dozens added by lawmakers last week, would change the state’s calculation of what constitutes ‘significantly […]

Consumers’ office says FirstEnergy amendment will lead to ‘price gouging’
FirstEnergy / Utilities

Consumers’ office says FirstEnergy amendment will lead to ‘price gouging’

  “The office charged with defending Ohio consumers in utility matters says a House-added budget provision would subject 1.1 million FirstEnergy customers to ‘price gouging.’ Among the many amendments added to the two-year budget bill is one changing the calculation of ‘significantly excessive earnings’ for Akron-based FirstEnergy. This would change […]