FirstEnergy

Letter: Taxpayers shouldn’t prop up FirstEnergy
FirstEnergy / Ohio Utility Bailouts

Letter: Taxpayers shouldn’t prop up FirstEnergy

COLUMBUS — “Ohio’s legislators just shot down a measure that would have increased electricity rates so utility giants could bolster their finances and credit ratings. The state’s regulators should do the same. FirstEnergy and other utilities in recent years have made numerous bad business decisions, particularly their investments in old […]

The Davis-Besse nuclear power plant.
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Regardless of whether FirstEnergy nuke plants receive subsidies, electricity supply will remain reliable

CLEVELAND — “There will be no reliability issues with electricity in Northeast Ohio if the Ohio Legislature refuses to subsidize FirstEnergy Corp.’s nuclear plants in Toledo and Perry — or even if the plants close down. Those aren’t likely words that the Akron-based utility wants to hear as Ohio lawmakers […]

The Oregon Clean Energy Center, an 860-megawatt gas turbine power plant east of Toledo, is expected to begin commercial operations within weeks. Private developers raised the $800 million to build the plant, which will sell its power into wholesale electric markets. Oregon's developers are building a similar plant in Lordstown and are seeking permits to build a second plant at each location. Utility legislation pending before the Ohio legislature to subsidize old nuclear and coal power plants could derail those plans. (Oregon Clean Energy Center)
AEP / Coal / Energy / FirstEnergy / Utilities

Electric bill increases guaranteed in Ohio if certain legislation passes

CLEVELAND — “A power struggle has erupted in the Statehouse pitting Ohio’s traditional electric utilities against new independent power producers, as well as consumer, environmental and business groups wary of rate increases. The outcome will have an impact not only on what consumers will pay for power in the future, but […]

Davis-Besse Nuclear Power Station cooling tower in July 2015 (Credit: Gregory Varnum, Creative Commons).
Energy / FirstEnergy / Nuclear Energy

Bailout of 2 Ohio nuclear plants stalls in Statehouse

CLEVELAND — “A proposed bailout for Ohio’s two nuclear power plants that would lead to rate increases for FirstEnergy customers appears to be stalled in the Legislature. One legislative committee considering the idea suspended testimony last month amid protests against the plan while another committee held its fourth hearing this […]

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

FirstEnergy’s nuclear zero emission credits may have stalled

COLUMBUS — “FirstEnergy’s effort to convince state lawmakers that it must have more than $300 million a year in new customer charges to keep its nuclear power plants running is approaching a stall point. The Ohio Senate’s Public Utilities Committee wrapped up its fourth hearing Thursday on the special nuclear […]

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

New oil and gas industry poll: Majority of respondents ‘strongly opposed’ to special fees for FirstEnergy’s nuke plants

COLUMBUS — “An oil and gas group is using the power of the people to try to stave off an Ohio utility’s push to subsidize its nuclear power plants. API Ohio – which stands for American Petroleum Institute – released a poll of Ohio voters on Wednesday that gauges their […]

The more electricity regulators delay, the more customers pay
FirstEnergy / Ohio Utility Bailouts

The more electricity regulators delay, the more customers pay

COLUMBUS — “Remember the old ‘money booths,’ in which game show participants got to grab as many dollars as they could before the timer went off? Well, FirstEnergy’s the lucky contestant; everyday Ohioans are supplying the cash, and the Public Utilities Commission of Ohio (PUCO) is refusing to call time. […]

Credit: Wikimedia Commons
FirstEnergy / Nuclear Energy

PJM auction results could push nuke operators to ‘double down’ on subsidies

WASHINGTON, DC — “Prices in the PJM Interconnection’s capacity auction were once again disappointing for many generators, but for operators of nuclear power plants they could be a particularly troubling sign. The results could add to efforts to create nuclear subsidies and prove to be a turning point in the […]

Huge power company pushes for FirstEnergy’s Ohio nuke plan: ‘As a nation, we are at a crossroads’
FirstEnergy

Huge power company pushes for FirstEnergy’s Ohio nuke plan: ‘As a nation, we are at a crossroads’

CHICAGO, IL — “Exelon Corp., the company that owns a quarter of the country’s nuclear power plants, is vouching for an Ohio utility’s plea for subsidies for its two nuclear plants. …’As a nation, we are at a crossroads,’ Joseph Dominguez, executive vice president for governmental and regulatory affairs and […]

Ohio State Representative Bill Seitz (Credit: James D. Decamp)
FirstEnergy / Nuclear Energy

Ohio lawmaker floats the idea of a customer opt-out of FirstEnergy’s nuclear subsidies

COLUMBUS — “Ohio lawmakers have tabled a plan to add a fee to the electric bills of FirstEnergy customers to help pay for the utility’s unprofitable nuclear plants. WKSU’s Jeff St.Clair reports that a key legislator is floating an alternative solution. FirstEnergy says it needs the $300 million per year […]