FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

FirstEnergy Solutions has tentative restructuring agreement with creditors, hopes to emerge from bankruptcy this fall

Perry Nuclear Power Station as seen from Headlands State Park, Mentor, Ohio (Credit: Wainstead/Public Domain)

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 failed to convince lawmakers to create customer fees to support the company’s nuclear plants. Regional wholesale grid manager PJM Interconnection said the company’s nuclear plants were not critically needed. New gas turbine power plants and wind farms are adding generation capacity to the grid.

Still, a state bailout might be more feasible this year. Following his election as Speaker of the Ohio House earlier this month, Perry County Republican Larry Householder said he would create a standing legislative subcommittee on ‘energy generation.’ Previously proposed bills to support FE’s reactors never got out of committees in either the House or Senate.”

— John Funk, Cleveland Plain Dealer

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