FirstEnergy

Ohio Consumers Power Alliance launches to elevate the under-represented consumer voice
Energy / FirstEnergy / Ohio Utility Bailouts

Ohio Consumers Power Alliance launches to elevate the under-represented consumer voice

COLUMBUS — “Today, thousands of energy consumers and ratepayers from across Ohio joined together to launch Ohio Consumers Power Alliance, a non-partisan, statewide consumer advocacy alliance focused on keeping rates low by diversifying Ohio’s energy portfolio. “Consumers have opinions about our state’s energy but are seldom heard over the noise of […]

Ohioans’ renewable energy future just took another step backward
Energy / Featured Story / FirstEnergy / Nuclear Energy / Renewable Energy / Wind Energy

Ohioans’ renewable energy future just took another step backward

COLUMBUS — “If you’re a supporter of clean and renewable energy, you know our state legislators often work against new forms of energy. And, today’s news of the Ohio Senate’s confirmation of Sam Randazzo as the chairman of the Public Utilities Commission of Ohio (PUCO) was yet another example. With […]

Standard & Poor's has downgraded the bond rating of FirstEnergy Solutions, the unregulated subsidiary of FirstEnergy Corp., because it believes the company will file for bankruptcy protection before 2018. S&P's in the same week raised its outlook for parent company FirstEnergy because it believes the corporation will sell off or somehow move its power plants into a regulated company (Plain Dealer file).
FirstEnergy / Ohio Utility Bailouts

FES and FE have created a ‘scheme’ that is an ‘abuse of the bankruptcy system’: Feds say

CLEVELAND — “In furious filings at the start of this past weekend, attorneys for federal and state Environmental Protection Agencies tore apart the arrangement that FE and FES made last fall in which the parent promised nearly $1 billion in cash and commitments in exchange for FES absolving FE from […]

Ohio's Perry Nuclear Plant
Credit: Neal Wellons (Creative Commons)
Energy / FirstEnergy

Perry, Davis-Besse nuke plants dismantling could take 60 years

CLEVELAND – “FirstEnergy Solutions says it wants to delay dismantling its four nuclear power plants – including Perry and Davis-Besse – for 60 years. The company a year ago told the Nuclear Regulatory Commission it would close its four nuclear plants by the end of 2021, starting with Davis-Besse in […]

Perry Nuclear Power plant, about 30 miles east of Cleveland
FirstEnergy / Nuclear Energy

Bill to save Perry Nuclear Power Plant to be unveiled soon

“A new Ohio House Bill with efforts to save the state’s two nuclear power plants could be unveiled in as early as the next few days. State Rep. Jamie Callender, R-Concord Township, said the new bill is going to have a ‘more holistic’ approach. ‘It’s not going to be a […]

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

Industry pitch for saving Davis-Besse is focused on climate change

“A national watchdog group often critical of nuclear power, the Cambridge, Mass.-based Union of Concerned Scientists, recently issued a report stating the nation’s historically safest and best-run [nuke] plants should be kept operating to help fight climate change. Davis-Besse, which had numerous safety and reporting violations in years past, did […]

Bailout chances may be good for FirstEnergy Solutions’ Ohio nuclear plants
Energy / FirstEnergy

Bailout chances may be good for FirstEnergy Solutions’ Ohio nuclear plants

AKRON — “Akron’s FirstEnergy Solutions (FES) is still on track to shutter its Davis-Besse and Perry nuclear plants in 2020 and 2021, respectively, but some observers now predict the company will get a state bailout for the plants instead. The company is hoping the state will grant what are known as zero […]

Judge derails FES plan to exit bankruptcy while lawmakers consider bail-out bills
FirstEnergy / Ohio Utility Bailouts

Judge derails FES plan to exit bankruptcy while lawmakers consider bail-out bills

AKRON — “After presiding over a full day of arguments, the judge this week refused to approve a complicated disclosure statement the company must send to its creditors who will then have the right to approve or reject the company’s plan to re-organize itself, after which the court will still […]

Who’s afraid of FirstEnergy Solutions’ restructuring plan? Every government agency that has seen it
FirstEnergy

Who’s afraid of FirstEnergy Solutions’ restructuring plan? Every government agency that has seen it

PITTSBURGH, PA — “Under the plan, the restructured company would emerge from bankruptcy owning the undesirable coal power plants and nuclear units that drove the division into bankruptcy — including two power stations in Beaver County -— along with the retail customer business that FirstEnergy Corp. had earlier agreed to […]

FirstEnergy Solutions restructuring plan hits roadblock as federal agencies object
FirstEnergy / Ohio Utility Bailouts

FirstEnergy Solutions restructuring plan hits roadblock as federal agencies object

CLEVELAND — “The U.S. Securities and Exchange Commission argues that the FirstEnergy Solutions restructuring plan is against the law because it eliminates any responsibility of ‘non-debtor third parties,’ such as FirstEnergy executives and directors, of any liability ‘with respect to any acts taken or omitted in connection with or related to the […]