Energy

FirstEnergy's Davis-Besse nuclear power plant near Toledo, along with the company's Perry nuclear power plant near Cleveland and its Beaver Valley reactors near Pittsburgh cannot compete well against new gas turbine plants and may be sold in bankruptcy proceedings if the state does not authorize additional customer charges. The Nuclear Regulatory Commission has required major upgrades in recent years to defend against terrorists and to withstand natural disasters such as earthquakes (credit: Plain Dealer file).
FirstEnergy / Nuclear Energy

FirstEnergy CEO says ZEC legislation may be too late to help

AKRON — “FirstEnergy’s top executive said today he does not expect Ohio lawmakers to vote until fall on legislation authorizing zero emission credits. ‘If it is going to happen, it will be later this year. If it is not going to happen, we’ll know sooner,’ said Chuck Jones, CEO, in […]

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

FirstEnergy nuclear hearings suspended in Ohio House

CLEVELAND — The chairman of the Ohio House Public Utilities Committee has suspended further hearings — and a vote — on a proposed bill allowing FirstEnergy to create a special customer charge to subsidize its nuclear power plant fleet. ‘We have heard over 10 hours of testimony on this bill [House […]

The AEP building in Columbus, Ohio. 
Photo by
Mark Cameron / Creative Commons
AEP / Energy / Fixed Rate Hikes

Critics say Ohio utility’s proposed fixed charge increase will slow efficiency, clean energy

COLUMBUS — “Proposed rate changes for American Electric Power’s Ohio utility customers could unduly burden the grid by discouraging energy efficiency and distributed generation, according to critics. At issue is AEP’s proposal to increase fixed charges for its Ohio utility customers by more than twice the current rate—from $8.40 per […]

The Beaver Valley Nuclear Power Plant near Shippingport, Pennsylvania.
Nuclear Energy

Industry meltdown: Is the era of nuclear power coming to an end?

NEW HAVEN, CT — “Is the nuclear power industry in its death throes?  Even some nuclear enthusiasts believe so. With the exception of China, most nations are moving away from nuclear — existing power plants across the United States are being shut early; new reactor designs are falling foul of […]

The more you learn about the proposed FirstEnergy bailout, the less you’ll like it
FirstEnergy / Nuclear Energy

The more you learn about the proposed FirstEnergy bailout, the less you’ll like it

COLUMBUS — “Last week’s hearing on FirstEnergy’s nuclear bailout saw numerous people testifying against the unnecessary subsidies. As a reminder, the Ohio-based utility wants everyday Ohioans to pay for its bad business decisions, and is trying to get a hefty bailout – to the tune of $5.25 billion – for […]

Credit: WikiMedia
Nuclear Energy

EIA: natural gas, renewables squeeze nuclear capacity

WASHINGTON, DC — “Nuclear energy is reliable and its generation produces no carbon emissions, but EIA says the long-term outlook for the industry is dim. The plants ‘make up a disproportionately large share of generation compared with their share of electricity generating capacity,’ EIA said in a research note. As […]

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

FirstEnergy Solutions facing risky future

CLEVELAND — “Akron-based FirstEnergy Solutions is in trouble. So are the Ohio communities where it owns power plants. And the state should be preparing now for the economic fallout that’s about to come as a result of plant closures. That’s the take of the Institute for Energy Economics and Financial […]

Wind is the new power in America’s heartland
Energy

Wind is the new power in America’s heartland

NEW YORK, NY — “U.S. wind energy recently achieved a major milestone, which underscores a new reality that is generating power and jobs across America’s heartland. In February, low-cost clean electricity from wind turbines on the Great Plains supplied more than half (52.1%) of all power on the grid serving Americans […]

Dynegy CEO uses FirstEnergy’s words against it in nuclear-subsidy fight
FirstEnergy / Nuclear Energy

Dynegy CEO uses FirstEnergy’s words against it in nuclear-subsidy fight

COLUMBUS — “The CEO of Ohio’s largest power plant owner is using an electric utility’s own words against it in the latest battle over state energy policy. In new testimony, Dynegy Inc. CEO Bob Flexon laid out a lengthy list of reasons against proposed subsidies for FirstEnergy Corp. nuclear plants, […]

Cartoon by Rich Williams Illustration.
Energy / FirstEnergy

Nuclear subsidies distort markets, hurt business, say FirstEnergy opponents

CLEVELAND — “Business and consumer groups joined forces Tuesday to oppose FirstEnergy’s plan to change Ohio law to create new subsidies for the power company’s nuclear power plants. On the opposite side, supporting FirstEnergy, were unions, a contractor’s group, and the Perry local school district, which benefits from taxes from the Perry […]