Post Tagged with: "Davis Besse"

FirstEnergy headquarters in Akron.
Coal / Energy / FirstEnergy

PUCO rejects challenge to FirstEnergy special subsidy, you’ll keep paying more

CLEVELAND — “The Public Utilities Commission of Ohio today rejected multiple appeals of its October 2016 ruling giving FirstEnergy an extra $204 million a year for up to five years, officially for upgrades to the company’s local wires and substations, but say opponents, actually allowing the company to use the money in […]

Operating a nuclear power plant is expensive, whether it involves re-fueling, major renovation work like FirstEnergy faced at Davis-Besse 15 years ago shown here, or federally ordered upgrades following the disaster at Fukushima. And now the nuclear industry faces tough competition from independent builders of gas turbine plants. FirstEnergy has been seeking new customer fees to keep its nuclear plants profitable. But even with the extra charges, the company would probably sell the plants because it no longer wants to risk competitive markets. (Plain Dealer file )
FirstEnergy / Nuclear Energy

FirstEnergy nuclear charges crucial to operating or selling Davis Besse, Perry, says CEO

AKRON — “FirstEnergy’s top executive says the company will continue to press Ohio lawmakers for new customer-paid subsidies for its nuclear power plants even though it may not own them in the future. ‘I am going to continue to fight for this … legislation because it is the right thing […]

The Davis-Besse nuclear power plant.
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Regardless of whether FirstEnergy nuke plants receive subsidies, electricity supply will remain reliable

CLEVELAND — “There will be no reliability issues with electricity in Northeast Ohio if the Ohio Legislature refuses to subsidize FirstEnergy Corp.’s nuclear plants in Toledo and Perry — or even if the plants close down. Those aren’t likely words that the Akron-based utility wants to hear as Ohio lawmakers […]

Davis-Besse Nuclear Power Station cooling tower in July 2015 (Credit: Gregory Varnum, Creative Commons).
Energy / FirstEnergy / Nuclear Energy

Bailout of 2 Ohio nuclear plants stalls in Statehouse

CLEVELAND — “A proposed bailout for Ohio’s two nuclear power plants that would lead to rate increases for FirstEnergy customers appears to be stalled in the Legislature. One legislative committee considering the idea suspended testimony last month amid protests against the plan while another committee held its fourth hearing this […]

Davis Besse nuclear power plant (Creative Commons)
FirstEnergy / Nuclear Energy

FirstEnergy’s nuclear zero emission credits may have stalled

COLUMBUS — “FirstEnergy’s effort to convince state lawmakers that it must have more than $300 million a year in new customer charges to keep its nuclear power plants running is approaching a stall point. The Ohio Senate’s Public Utilities Committee wrapped up its fourth hearing Thursday on the special nuclear […]

The Davis-Besse Nuclear Power Station (Credit: NRC)
FirstEnergy / Nuclear Energy

New oil and gas industry poll: Majority of respondents ‘strongly opposed’ to special fees for FirstEnergy’s nuke plants

COLUMBUS — “An oil and gas group is using the power of the people to try to stave off an Ohio utility’s push to subsidize its nuclear power plants. API Ohio – which stands for American Petroleum Institute – released a poll of Ohio voters on Wednesday that gauges their […]

Credit: Wikimedia Commons
FirstEnergy / Nuclear Energy

PJM auction results could push nuke operators to ‘double down’ on subsidies

WASHINGTON, DC — “Prices in the PJM Interconnection’s capacity auction were once again disappointing for many generators, but for operators of nuclear power plants they could be a particularly troubling sign. The results could add to efforts to create nuclear subsidies and prove to be a turning point in the […]

Ohio State Representative Bill Seitz (Credit: James D. Decamp)
FirstEnergy / Nuclear Energy

Ohio lawmaker floats the idea of a customer opt-out of FirstEnergy’s nuclear subsidies

COLUMBUS — “Ohio lawmakers have tabled a plan to add a fee to the electric bills of FirstEnergy customers to help pay for the utility’s unprofitable nuclear plants. WKSU’s Jeff St.Clair reports that a key legislator is floating an alternative solution. FirstEnergy says it needs the $300 million per year […]

The Davis-Besse nuclear power plant would be more competitive under a new proposal from PJM Interconnection, the company that manages the high-voltage grid in Ohio and 12 other states. But plant owner FirstEnergy is asking for a customer surcharge to raise more money for its nuclear fleet (credit: Plain Dealer file).
FirstEnergy / Nuclear Energy

FirstEnergy CEO Chuck Jones appeals to Ohio Senate committee to support nuclear power subsidy

COLUMBUS — “FirstEnergy’s effort to persuade state lawmakers that its nuclear power plants won’t survive without a state-mandated customer surcharge is now focused on the Ohio Senate. FirstEnergy CEO Chuck Jones, accompanied by lobbyists, told members of the Senate Public Utilities Committee on Thursday that its Davis-Besse and Perry nuclear […]

FirstEnergy's Davis-Besse nuclear power plant near Toledo, along with the company's Perry nuclear power plant near Cleveland and its Beaver Valley reactors near Pittsburgh cannot compete well against new gas turbine plants and may be sold in bankruptcy proceedings if the state does not authorize additional customer charges. The Nuclear Regulatory Commission has required major upgrades in recent years to defend against terrorists and to withstand natural disasters such as earthquakes (credit: Plain Dealer file).
FirstEnergy / Nuclear Energy

FirstEnergy CEO says ZEC legislation may be too late to help

AKRON — “FirstEnergy’s top executive said today he does not expect Ohio lawmakers to vote until fall on legislation authorizing zero emission credits. ‘If it is going to happen, it will be later this year. If it is not going to happen, we’ll know sooner,’ said Chuck Jones, CEO, in […]