Nuclear Energy

Ohio and Pennsylvania consider nuclear plant bailouts
Nuclear Energy

Ohio and Pennsylvania consider nuclear plant bailouts

“Drillers and gas-fired power plant operators are girding to fight measures to save money-losing reactors in the Keystone and Buckeye states, saying they’ve learned from past defeats and are better positioned to win. The looming debates are a key test of how far lawmakers in shale gas country are willing […]

Ohio’s grand bargain on energy policy
Nuclear Energy

Ohio’s grand bargain on energy policy

“As evidenced by last session’s bill title and recent conversations in House Committee meetings, the proponents of bailing out these two plants consistently point to the benefits of clean, or carbon-free energy as support for placing the economic future of the plants on the backs of Ohio’s electricity customers. It certainly is […]

Ohio bill would create nonprofit to promote advanced nuclear research
Nuclear Energy / Research & Reports / Uncategorized

Ohio bill would create nonprofit to promote advanced nuclear research

“Ohio House Rep. Dick Stein, R-Norwalk, introduced the Advanced Nuclear Technology Helping Energize Mankind (ANTHEM) Act last week. The bill would set up a nonprofit Ohio nuclear development authority to promote advanced nuclear reactor technology, nuclear waste reduction, isotope extraction and related activities. It has 17 co-sponsors, all Republicans. ‘The intent is […]

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.
FirstEnergy / Nuclear Energy / Utilities

State bailout of FirstEnergy Solutions would raise electric prices, stymie future gas plants

CLEVELAND — “William Siderewicz, whose companies built gas turbine power plants in Lordstown and Oregon, near Toledo, says he has all of the permits and a portion of the funding needed to build two more turbine plants next door to the plants he completed last year. But potential investors are […]

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 […]

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 […]

Energy Secretary Rick Perry. Photo by Gage Skidmore, Wikimedia Commons
Energy / FirstEnergy / Nuclear Energy

Utility asks Perry to save coal, nuclear plants

WASHINGTON, DC — “FirstEnergy Corp. is seeking a declaration under section 202(c) of the Federal Power Act that certain coal and nuclear plants cannot close and that an electric grid operator pay plant operators enough to recover their costs. The order would apply to the PJM Interconnection, the nonprofit grid operator for […]

FirstEnergy Solutions begins bankruptcy
FirstEnergy / Nuclear Energy

FirstEnergy Solutions begins bankruptcy

AKRON — “Attorneys for FirstEnergy Solutions and six affiliated debtors are to appear in U.S. Bankruptcy Court Tuesday to begin Chapter 11 proceedings before Judge Alan M. Koschik, a move that parent company FirstEnergy Corp. sees as a necessary step for it to remain viable and start anew. FirstEnergy is one […]

FirstEnergy Solutions bankruptcy restructuring likely, power plants would be closed or sold
Energy / FirstEnergy / Nuclear Energy

FirstEnergy Solutions bankruptcy restructuring likely, power plants would be closed or sold

CLEVELAND — “Brutal competitive financial forces are poised to remake FirstEnergy into a utility without power plants and focused solely on delivering electricity. The Akron-based power company that a decade ago hired former George W. Bush administration Solicitor General Ted Olson to bully state lawmakers who were considering a return to […]

The Davis Besse nuclear plant is among those covered by a proposed FirstEnergy settlement. 
Photo by Marc Haserodt / Creative Commons
Energy / FirstEnergy / Nuclear Energy

Ohio needs a clean energy future, not a no-strings-attached bailout

AKRON — “It’s understandable that FirstEnergy’s hometown newspaper, the Akron Beacon Journal, supports its own utility monopoly. Yet justifying that support and advocating for FirstEnergy’s proposed nuclear bailout on environmental grounds is a surprise…and misdirected. FirstEnergy’s proposal merely is yet another attempt to force customers to prop up its uneconomic power plants. […]