FirstEnergy

Justice Department, Ohio AG warn FirstEnergy Solutions and FirstEnergy on environmental obligations
Coal / FirstEnergy

Justice Department, Ohio AG warn FirstEnergy Solutions and FirstEnergy on environmental obligations

CLEVELAND — “The U.S. Department of Justice fired a warning shot this week across the bow of FirstEnergy Solutions and its path toward restructuring itself free of past debt and other obligations. The warning did not leave out parent company FirstEnergy, which negotiated a deal with FES and creditors last summer […]

Perry Nuclear Power Station as seen from Headlands State Park, Mentor, Ohio (Credit: Wainstead/Public Domain)
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

FirstEnergy Solutions has tentative restructuring agreement with creditors, hopes to emerge from bankruptcy this fall

CLEVELAND — “FirstEnergy Solutions wants state lawmakers to create a customer-paid subsidy for its nuclear power plants and several months ago hired a lobbying team to convince Ohio lawmakers that the Perry and Davis-Besse nuclear plants are essential to the state’s economy and “grid critical.” Previously parent company FirstEnergy tried and […]

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

FES to ask state for customer-paid subsidy to save nuclear plants

CLEVELAND — “FirstEnergy Solutions is hoping to emerge from federal bankruptcy court as a competitive nuclear power company, backed by new state subsidies and operating under new federally mandated market rules. The company already has begun the groundwork for that transformation, hiring a team of experienced lobbyists who have been […]

FirstEnergy's downtown Akron headquarters.
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 […]

100% Renewable Energy: Cleveland Sets a Big Goal as It Sheds Its Fossil Fuel Past
Energy / FirstEnergy / Renewable Energy / Solar Energy / Wind Energy

100% Renewable Energy: Cleveland Sets a Big Goal as It Sheds Its Fossil Fuel Past

Cleveland joins more than 80 U.S. cities that have committed to get all their electricity from renewable sources. But in Ohio, that might be easier said than done. CLEVELAND — “Cleveland, Ohio, which has worked for years to reinvent itself as it sheds its industrial past, has become the latest major […]

Company suspected of using plant closures to get subsidies
Coal / Energy / FirstEnergy

Company suspected of using plant closures to get subsidies

WASHINGTON, DC — “FirstEnergy Solutions, the power plant division of FirstEnergy Corp., filed for bankruptcy protection in April. The company has aggressively lobbied Washington for a federal lifeline for its ailing coal and nuclear facilities, which have been weighed down by low wholesale power prices and stiff competition from natural […]

Duke moves to stop FirstEnergy Solutions from exiting Ohio co-op
Duke Energy / Energy / FirstEnergy

Duke moves to stop FirstEnergy Solutions from exiting Ohio co-op

Consumer advocates are worried that a bankruptcy court decisionallowing FirstEnergy Solutions (FES) to withdraw from the Ohio Valley Electric Corporation (OVEC), which operates a pair of coal plants, could wind up raising prices for retail consumers. Both OVEC and Duke Energy of Ohio, which owns a part of the power cooperative, have filed for a […]

Ohio PUC details utility reform roadmap in PowerForward initiative
AEP / Duke Energy / Energy / FirstEnergy

Ohio PUC details utility reform roadmap in PowerForward initiative

The new roadmap, product of a year-long business model investigation, aims to create a level playing field for innovation on the utility distribution system. COLUMBUS — “How is a distribution system like an iPhone? That’s not a riddle; it’s a vision Ohio regulators have formed around the future of the grid, […]

Advocates seek assurance on decommissioning funds for FirstEnergy nuclear plants
Energy / FirstEnergy / Nuclear Energy

Advocates seek assurance on decommissioning funds for FirstEnergy nuclear plants

AKRON — “Environmental advocates have jumped another hurdle in their quest to make sure FirstEnergy and its subsidiaries provide enough funding for safe closure of their nuclear power plants. On August 2, the Nuclear Regulatory Commission made an initial recommendation to accept the Environmental Law & Policy Center’s petition for review on […]

Cuyahoga County to weigh in on lawsuit that threatens Brooklyn landfill solar farm
Energy / FirstEnergy / Renewable Energy / Solar Energy

Cuyahoga County to weigh in on lawsuit that threatens Brooklyn landfill solar farm

CLEVELAND — “A lawsuit filed by FirstEnergy’s Cleveland Electric llluminating Co. could derail a $10 million solar farm project at the closed Brooklyn landfill that is largely funded by Cuyahoga County. The county’s Board of Control approved $142,000 to hire Bricker & Eckler LLP to represent the county in the lawsuit. That hire […]