Post Tagged with: "Davis Besse"

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 […]

Welcome to the energy battle of Ohio: FirstEnergy vs. PUCO
Energy / FirstEnergy

Welcome to the energy battle of Ohio: FirstEnergy vs. PUCO

CLEVELAND — “Hello, fight fans. And welcome to the heavyweight battle of the modern era at Ohio Energy Regulation Arena. The matchup is sure to be a bruiser, and both corners say they’re confident they can win the huge purse represented by Northeast Ohio’s future electric rates. There are hundreds […]

FirstEnergy’s stock price sags after 2015 earnings released, FERC filings
Energy / FirstEnergy

FirstEnergy’s stock price sags after 2015 earnings released, FERC filings

AKRON — “FirstEnergy’s stock price sank slowly most of Wednesday — losing more than 3.5 percent of its value — following a mid-morning teleconference between financial analysts and the company’s top executives. Though less than a dozen analysts participated in the teleconference, most of the questions focused on what the company […]

Coal / Energy / FirstEnergy

TV ads duel over power rate proposal

FirstEnergy says plan will save customers $560M, but opponents charge that cost will be $4B TOLEDO — “The TV spots, radio ads, and a burgeoning battle on social media reflect the growing intensity in the fight to control the message over the merits of the eight-year plan. The proposal labeled […]

Sign the petition to stop the bailout
Energy / FirstEnergy

Sign the petition to stop the bailout

First Energy, American Electric Power and Duke Energy have submitted plans to the Public Utilities Commission of Ohio (PUCO) for financial bailouts of some of their most outdated and expensive coal plants. They want to force us to buy the power from these old expensive plants for the next 15 […]