FirstEnergy

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

Revised Ohio nuclear ‘bailout’ bill raises more questions

An updated version of the bill would still exclude most wind and solar from clean air credits, while allowing payments to unspecified “reduced emissions resources” that could include gas and coal. COLUMBUS — “Republican lawmakers in the Ohio House introduced legislation Friday that would provide subsidies for two Ohio nuclear power plants […]

Ohio House Speaker Larry Householder, R-Glenford.
Energy / FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Ohio consumers could pay $300M through electric bill fees under new plan

COLUMBUS — “Ohio consumers would pay $300 million through new fees in their electric bills to create a new pot of state money — more than half of which could go to bailout two nuclear power plants along Lake Erie. At a Friday press conference, Ohio House Speaker Larry Householder, […]

Ohio nuclear plant bailout plan encourages other zero-carbon energy
FirstEnergy / Nuclear Energy / Ohio's Clean Energy Future / Utilities

Ohio nuclear plant bailout plan encourages other zero-carbon energy

“Rep. Householder downplayed the impact on FirstEnergy and its nuclear plants, though he has called it a mistake to allow the plants to close. He said he focused on goals of encouraging Ohio power generation, incentivizing cleaner air, and helping create and maintain Ohio energy and industrial jobs. ‘I haven’t […]

Ohio Citizen Action statement on nuclear energy bailout tax bill
FirstEnergy / Nuclear Energy / Ohio Citizen Action / Ohio Utility Bailouts

Ohio Citizen Action statement on nuclear energy bailout tax bill

This bill is another disappointing example of redistribution of wealth from the pockets of Ohio consumers into the hands of FirstEnergy shareholders. To add insult to injury, we are told it’s for our own good, to save jobs and cut carbon emissions. We categorically reject this false concern for the […]

The General James M. Gavin coal plant in southeast Ohio. Photo by: Analog Kid / Creative Commons
Coal / FirstEnergy / Nuclear Energy / Ohio Citizen Action / Ohio Consumers Power Alliance

Coal, nuclear cleanup costs central to FirstEnergy’s rejected bankruptcy plan

“Some of the former plant sites run by FirstEnergy and its predecessors were ‘really dirty coal plants,’ said Dick Munson, who directs clean energy efforts in the Midwest for the Environmental Defense Fund. ‘Some also have coal ash ponds that are just things that you want to get cleaned up. […]

FirstEnergy seeks bailout for 60-year-old Davis-Besse Nuclear Power Plant. Money going to nuclear could take a large cut from investment in wind and solar.
Energy / FirstEnergy / Renewable Energy / Solar Energy / Wind Energy

Ohio’s FirstEnergy nuclear bailout bill could undermine funding for renewables and efficiency

“Ohio’s plan stands in stark contrast to the nuclear incentive programs that have been rolled out in states including Connecticut, New Jersey, New York and Illinois. While these states have largely built their nuclear support programs on the foundation of existing state clean energy and carbon reduction policies, Ohio’s plan would actually undermine existing payment structures […]

All six of FirstEnergy Solutions' coal and nuclear plants, four of which are in Ohio, are in danger of closing. Photo by NRC
FirstEnergy / Nuclear Energy

Davis-Besse’s future coming down to the wire

CARROLL TOWNSHIP — “Neil Waggoner, a campaign representative for Sierra Club’s Beyond Coal Campaign in Ohio, described the draft legislation as a “farce.” He said in an email Friday that it would it force Ohioans to pay more each month on their electric bills to bail out old nuclear plants that are losing […]

The General James M. Gavin coal plant in southeast Ohio. Photo by: Analog Kid / Creative Commons
FirstEnergy / Uncategorized

FirstEnergy Solutions preparing new filing in bankruptcy case

“FirstEnergy Solutions, which runs coal and nuclear plants in Ohio, is working on a new bankruptcy proposal after a federal judge denied their initial filing. FES is filing for bankruptcy, in a restructuring plan that would officially separate the company from its parent company FirstEnergy Corp., the energy distributor. Dick […]

The Davis-Besse Nuclear Power Station at Oak Harbor, Ohio, would have a guaranteed buyer for all its output if the PUCO approves a FirstEnergy plan. Photo by Kathiann M. Kowalski.
Energy / FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Davis-Besse remains in limbo after bankruptcy judge strikes down FirstEnergy plan

  TOLEDO — “It’s back to the drawing board for FirstEnergy Corp. and its subsidiary, FirstEnergy Solutions, now that a federal bankruptcy judge has struck down an important part of the utility company’s proposed restructuring plan. The plan attempted to free the parent company of liability for mounting losses for the division of […]

Judge puts up major roadblock in FirstEnergy Solutions’ bankruptcy case
FirstEnergy / Utilities

Judge puts up major roadblock in FirstEnergy Solutions’ bankruptcy case

“State and federal regulators, however, seem to not have been heavily considered, or at least not brought to the table, and over the past few weeks have objected. They’ve argued in filings that it’s not the role of a bankruptcy court to relieve parent FirstEnergy of liability for environmental damage […]