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 of America’s largest utilities. It for years had owned the Davis-Besse nuclear plant east of Toledo, the Perry nuclear plant east of Cleveland, the twin-reactor Beaver Valley nuclear complex west of Pittsburgh, and one of the nation’s largest coal-fired power plants, the Sammis plant in eastern Ohio, as well as the much smaller Bay Shore power plant in Oregon, which in 2012 shut down its last three coal-fired units but has continued producing electricity from one unit that has operated on petroleum coke from the nearby BP-Husky refinery since 2000.

The parent corporation moved ownership and operation of those and other plants to FES a while back, in anticipation of the bankruptcy proceedings now getting under way. FirstEnergy’s plan is to have the bankruptcy apply to those plants — all deemed unprofitable in today’s changing global energy market — so the parent corporation can strengthen its bottom line and focus exclusively on electricity transmission.”

— Tom Henry, Toledo Blade

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