Energy / FirstEnergy

FirstEnergy still wants aid; Ohio House halts hearings

$300M a year sought to subsidize nuclear power plants

Power lines outside of the Davis Besse nuclear power station east of Toledo. photo: The Toledo Blade

COLUMBUS — “FirstEnergy’s president on Thursday sought to keep legislation on track in the Senate to authorize up to $300 million a year in customer subsidies for its two struggling nuclear power plants even as the House has halted hearings.

‘I don’t think it necessarily puts an end to it [in the House], but I didn’t think anything was going to get done in the short term here either,’ Chuck Jones said after testifying before the Senate Public Utilities Committee.

‘We’re going to keep working it,’ he said. ‘We’re going to keep talking to them.’

Senate Bill 128 and an identical measure in the House would create Zero Emission Nuclear credits, financed by Akron-based FirstEnergy’s customers, to generate an estimated $300 million a year for the two nuclear power plants operated by subsidiary FirstEnergy Solutions.

Company officials have warned that the money-losing Davis-Besse plant near Oak Harbor and Perry plant east of Cleveland could be permanently shuttered absent a guaranteed market for the more expensive power they produce.”

— Jim Provance, Toledo Blade

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