FirstEnergy

FirstEnergy nuclear charges still before lawmakers, opponents fight earlier increases at Supreme Court
Energy / FirstEnergy / Nuclear Energy

FirstEnergy nuclear charges still before lawmakers, opponents fight earlier increases at Supreme Court

CLEVELAND — “FirstEnergy’s legislative supporters have introduced a new bill in the Ohio House that would create special customer charges to subsidize the company’s nuclear power plants because they cannot compete with new ultra-efficient gas turbine power plants. House Bill 381 would cost customers less than an earlier proposal — […]

With the possibility of Davis-Besse Nuclear Power Station closing next year, FirstEnergy Nuclear Operating Co.'s president and chief nuclear officer Sam Belcher talks about the options to close a nuclear power plant: decommissioning or safe store (Credit: Molly Corfman/The News-Messenger).
FirstEnergy / Nuclear Energy

Efforts ramp up to save or sell Davis-Besse

OAK HARBOR — “There’s still a chance that FirstEnergy could find a willing buyer or legislative remedy for its Davis-Besse Nuclear Power Station, which could close next year. Before the company finishes its review in 2018 and makes a decision on the Davis-Besse site, FirstEnergy is also waiting to hear soon […]

Ohio’s nuclear future uncertain, subsidies in New York, Illinois get court victories
FirstEnergy / Nuclear Energy

Ohio’s nuclear future uncertain, subsidies in New York, Illinois get court victories

COLUMBUS — “Bills going through the Ohio legislature that would subsidize the state’s two nuclear power plants have stalled, but similar energy credits approved in Illinois and New York have won their first round of legal battles. FirstEnergy has been lobbying for a Zero Emission Nuclear Resource Program or ‘ZEN’ […]

IEEFA Update: FirstEnergy, out of step with the times, sells gas and hydro assets to shore up fading coal-fired plants
Coal / FirstEnergy

IEEFA Update: FirstEnergy, out of step with the times, sells gas and hydro assets to shore up fading coal-fired plants

As American electricity markets modernize, an Ohio utility stays the same CLEVELAND — “If there’s a standout feature in today’s fast-changing electricity-generation landscape, it’s that coal-fired and nuclear power plants cannot compete with those that run on natural gas or renewable energy. This will remain the case for the foreseeable […]

Jessica Smith-Szabo, staff director for Ohio Citizen Action, addresses the crowd in Columbus at a rally protesting FirstEnergy’s utility bailout request in April 2015.
Coal / Energy / FirstEnergy

FirstEnergy filing could delay court ruling in ‘bailout’ case

COLUMBUS — “Despite a big win from Ohio regulators last month, FirstEnergy has filed papers asking for still more review. The move could ultimately delay a court ruling on a $200 million per year charge to prop up the company’s credit rating. At issue is a ‘distribution modernization rider’ that the Public […]

AEP / Dayton Power & Light / Duke Energy / Energy / FirstEnergy

Interested party meetings continuing on OVEC bills

COLUMBUS — “Stakeholders continue to debate a Senate bill to grant cost recovery for utility owners of the Ohio Valley Electric Corporation. But opponents, viewing the bill (SB 155) and its House companion (HB 239) as ‘bailouts’ at the expense of consumers, remain unconvinced according to one party planning to participate […]

FirstEnergy Corp. plans to retire units 1 through 4 at the seven-unit W.H. Sammis coal plant in Stratton, Ohio, in May 2020. Executives at FirstEnergy and Ohio coal producer Murray Energy have tried unsuccessfully to get the U.S. Department of Energy to invoke an emergency order that would keep FirstEnergy's coal plants online.
Coal / Energy / FirstEnergy

Experts: DOE had no choice but to reject lifeline for FirstEnergy coal units

NEW YORK, NY — “The U.S. Department of Energy’s decision to rebuff pleas for immediate action to preserve a fleet of FirstEnergy Corp. unregulated coal plants was not hugely surprising to industry observers, who said the agency likely did not want to pre-empt current procedures amid industry stakeholder and legal […]

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

FirstEnergy Solutions downgraded on bankruptcy expectation, FE parent seen as stable

CLEVELAND — “Standard & Poor’s has further lowered its ratings for bonds sold by FirstEnergy Solutions because it believes the company’s negotiations with creditors is a first step toward its seeking bankruptcy protection. At the same time, S&P has revised its outlook for parent company FirstEnergy Corp. from negative to […]

State regulators approved a plan to help subsidize the Davis-Besse Plant in Ottawa County and other power plants across Ohio by having customers act like investors.
Energy / FirstEnergy

Kasich not backing bailout for Ohio nuclear plants

Governor says FirstEnergy needs to figure out how to keep facilities operating OREGON — “Gov. John Kasich said Monday that he can’t see supporting a proposed financial rescue that FirstEnergy Corp. maintains is needed to keep alive the state’s two aging nuclear plants. He said it’s up to the utility to […]

FirstEnergy headquarters in Akron.
Coal / Energy / FirstEnergy

PUCO rejects challenge to FirstEnergy special subsidy, you’ll keep paying more

CLEVELAND — “The Public Utilities Commission of Ohio today rejected multiple appeals of its October 2016 ruling giving FirstEnergy an extra $204 million a year for up to five years, officially for upgrades to the company’s local wires and substations, but say opponents, actually allowing the company to use the money in […]