FirstEnergy / Nuclear Energy / Utilities

State bailout of FirstEnergy Solutions would raise electric prices, stymie future gas plants

FirstEnergy seeks bailout for 60-year-old Davis-Besse Nuclear Power Plant

CLEVELAND — “William Siderewicz, whose companies built gas turbine power plants in Lordstown and Oregon, near Toledo, says he has all of the permits and a portion of the funding needed to build two more turbine plants next door to the plants he completed last year.

But potential investors are concerned about a bailout, said Siderewicz in an interview this week.

And talk among lobbyists that an FES package might also include subsidies to save Ohio’s remaining coal-fired power plants and maybe something for renewable power has only added to the concerns of gas plant investors.”

— John Funk, The Plain Dealer 

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