Post Tagged with: "Davis Besse"

The Davis-Besse nuclear power plant near Oak Harbor does not compete well against new gas-fired power plants, says its owner FirstEnergy. The company convinced the state's regulators to approve an arrangement in which Illuminating Co., Ohio Edison and Toledo Edison customers will pay more to now Davis-Besse turns a profit. That arrangement still faces federal scrutiny.
Coal / Energy / FirstEnergy

FirstEnergy’s Davis-Besse, Sammis power plants make money after all: FirstEnergy profits show

AKRON — “The PUCO on March 31 approved a special eight-year arrangement forcing FirstEnergy’s Ohio customers to subsidize the continued operations of Davis-Besse and Sammis when they lose money, which it estimated could be as much as $363 million during the first 31 months. In later years, that surcharge would […]

In 2003, Ohio Citizen Action displayed a large banner beside a primary road used by persons attending the FirstEnergy Board of Directors annual meeting in Cleveland, Ohio. The sentiment in the banner stemmed from years of nuclear neglect at the company’s Davis-Besse nuclear plant outside Toledo, Ohio.
Energy / FirstEnergy

Look Me in the Eye

Disaster by Design CLEVELAND — “In 2003, Ohio Citizen Action displayed a large banner beside a primary road used by persons attending the FirstEnergy Board of Directors annual meeting in Cleveland, Ohio. The sentiment in the banner stemmed from years of nuclear neglect at the company’s Davis-Besse nuclear plant outside […]

The new emergency feedwater facility being built at the Davis-Besse nuclear plant in Oak Harbor will have a permanent diesel engine, left, and pump, right.
THE BLADE/AMY E. VOIGT
Energy

Upgrade in progress at Davis-Besse plant

OAK HARBOR — “Even with Davis-Besse’s fate in limbo less than three weeks ago, FirstEnergy Corp. was moving forward with a multimillion-dollar project that signals the utility’s faith in getting more years of service from its 39-year-old nuclear plant. Crews began pouring tons of concrete and building a new structure […]

A proposal from FirstEnergy would guarantee income for the Davis-Besse nuclear plant and other facilities. (Photo by AlienCG via Creative Commons)
Energy / FirstEnergy

Ohio ‘bailout’ plan part of larger debate over nuclear’s future

TAKOMA PARK, MD — “An Ohio utility’s pursuit of a lifeline for an aging nuclear plant comes at a time when both economics and public opinion are aligning against nuclear power. On March 31, the Public Utilities Commission of Ohio ruled that all FirstEnergy utility customers should guarantee sales for all […]

Moody’s: Fall in natural gas prices may lead to large-scale plant retirements
AEP / Coal / Energy / FirstEnergy

Moody’s: Fall in natural gas prices may lead to large-scale plant retirements

CHARLOTTSVILLE, VA — “Moody’s warns that ‘persistently low natural gas prices’ have placed several coal and nuclear power plants at risk of closure, with merchant generators scrambling to cut costs. The analyst also said the recent approval of a power purchase agreement for FirstEnergy Solutions Corp.‘s merchant plants in Ohio […]

State regulators approved a plan to help subsidize the Davis-Besse Plant in Ottawa County and other power plants across Ohio by having customers act like investors.
AEP / Energy / FirstEnergy

Ohio approves Davis-Besse ‘bailout’

COLUMBUS — “In an unprecedented move, two energy companies were guaranteed profits for eight years by treating customers like investors to keep Davis-Besse and other power plants operating across Ohio. The Public Utilities Commission of Ohio in a 5-0 vote Thursday approved plans from Akron-based FirstEnergy and Columbus-based American Electric […]

The Davis-Besse nuclear plant on Lake Erie east of Toledo.
Energy / FirstEnergy

PUCO plans vote on rate hike requests

Cash-flow guarantee for FirstEnergy called bailout COLUMBUS — “The Public Utilities Commission of Ohio has announced plans to vote on proposals for rate increases from Akron-based FirstEnergy and Columbus-based American Electric Power. Scorned by opponents as bailouts, the two proposals seek guaranteed cash flows for aging coal-fired power plants and […]

Ottawa County officials, labor leaders support FirstEnergy plan
Energy / FirstEnergy

Ottawa County officials, labor leaders support FirstEnergy plan

CARROLL TOWNSHIP – “A coalition of Ottawa County elected leaders, economic development officials, public schools, and organized labor has announced support for FirstEnergy’s proposed Electric Security Plan, pending before the Public Utilities Commission of Ohio (PUCO) … Davis-Besse is Ottawa County’s largest employer, with 700 employees and an annual payroll of $65 […]

FirstEnergy’s Davis-Besse nuclear power plant near Toledo is one of the plants included in the company's power purchase agreement proposal, which is scheduled to be heard next week as part of a broader plan.
Energy / FirstEnergy

Nuclear plants at reduced power

Davis-Besse at 85%; Fermi 2 at 59% while repairs are made TOLEDO — “In Ottawa County, FirstEnergy Corp.’s Davis-Besse nuclear plant was at 85 percent power Wednesday. The plant only got back to full power for about two days after resuming operation the first week of February, FirstEnergy Spokesman Jennifer […]

The Davis Besse nuclear plant is among those covered by a proposed FirstEnergy settlement.
Energy / FirstEnergy

Challengers say Ohio ‘bailout’ plan pits companies against each other

COLUMBUS — “FirstEnergy’s plan to guarantee profits for certain nuclear and coal power plants isn’t just bad for competition in the energy sector, but for Ohio overall, say challengers. Final briefs on the merits were filed with Ohio regulators last week, with FirstEnergy and more than a dozen other organizations […]