FirstEnergy / Utilities

FirstEnergy rate increase for nuclear still shadowy but opponents lining up

FirstEnergy’s nuclear subsidy proposal cannot be found on the company’s website.

CLEVELAND — “FirstEnergy’s plan to convince Ohio lawmakers they should save the company’s nuclear reactors by funneling more money from customers to the company has still not seen the legislative light of day.

But for certain, the company has shopped its proposal to key lawmakers with a full-color, professional-looking, authoritative brochure that looks very much like an investor presentation.

Benefits of Ohio’s Nuclear Assets has been circulating behind closed doors since January, according to the date on its title page.

The plan would increase customer monthly bills by at least 5 percent and raise an extra $300 million a year for FirstEnergy. In perpetuity. And the increase would affect all customers, even those who buy power from competitors.”

— John Funk, Cleveland Plain Dealer

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