Post Tagged with: "FirstEnergy"

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 […]

The Perry nuclear power plant would get a consumer-paid subsidy if a proposal by its owner FirstEnergy is approved by Ohio lawmakers. The company is also hoping the Trump administration will re-design regional wholesale power markets to give more money to companies with large coal and nuclear power plants, even if the power the generate is more costly than that of wind and gas turbine plants. (photo: JOHN KUNTZ)
FirstEnergy / Nuclear Energy

Lucas Co. commissioners against new subsidies for FirstEnergy

TOLEDO — “Lucas County Commissioners today urged state lawmakers to reject a proposal to create new subsidies for FirstEnergy to shore up its struggling nuclear power plants and have the utility’s customers foot the bill through rate increases. House Bill 178, or the Zero Emission Nuclear credit bill, would provide a […]

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 […]

The more you learn about the proposed FirstEnergy bailout, the less you’ll like it
FirstEnergy / Nuclear Energy

The more you learn about the proposed FirstEnergy bailout, the less you’ll like it

COLUMBUS — “Last week’s hearing on FirstEnergy’s nuclear bailout saw numerous people testifying against the unnecessary subsidies. As a reminder, the Ohio-based utility wants everyday Ohioans to pay for its bad business decisions, and is trying to get a hefty bailout – to the tune of $5.25 billion – for […]

Dynegy CEO uses FirstEnergy’s words against it in nuclear-subsidy fight
FirstEnergy / Nuclear Energy

Dynegy CEO uses FirstEnergy’s words against it in nuclear-subsidy fight

COLUMBUS — “The CEO of Ohio’s largest power plant owner is using an electric utility’s own words against it in the latest battle over state energy policy. In new testimony, Dynegy Inc. CEO Bob Flexon laid out a lengthy list of reasons against proposed subsidies for FirstEnergy Corp. nuclear plants, […]

FirstEnergy has asked Ohio lawmakers to create new regulations awarding "zero emission credits," or ZECs, to its nuclear power plants, Davis-Besse east of Toledo and Perry east of Cleveland, in recognition that they do not contribute to air pollution. The ZECs would increase customer bills by 5 percent, could not be avoided even by customers buying power from other companies and provide the company with an additional $328 million a year for up to 16 years. At the same time, FirstEnergy has not ruled out selling the power plants (Credit: Cleveland Plain Dealer).
FirstEnergy / Nuclear Energy

FirstEnergy nuclear subsidy would thwart Ohio shale gas, kill jobs says API Ohio

CLEVELAND — “The politically powerful American Petroleum Institute is opposing FirstEnergy’s legislation raising power prices to subsidize its nuclear power plants because it’s a threat to Ohio’s shale gas development. FirstEnergy wants to raise about $328 million a year for up to 16 years, for a total cost of $5.25 […]

Davis Besse power plant near Oak Harbor (credit: Roger Lumpkin / ideastream)
FirstEnergy / Nuclear Energy

Residents fear a future without Davis Besse

CLEVELAND — “Ohio has two nuclear power plants – one is about 30 miles east of Cleveland. The other, Davis Besse, is 180 miles to the west. Both of their futures are up in the air right now: sale, closure, bankruptcy are all a possibility. And no matter what happens […]

When FirstEnergy closed its old Lake Shore power plant rather than try to update its pollution controls, the company found itself in a disagreement with railroad companies with which it had long-term coal delivery contracts. The railroads argued the company had broken its contracts when it shut down Lake Shore and other old plants and no longer needed the coal. A negotiated settlement is pending (Credit: Marvin Fong).
FirstEnergy

FirstEnergy’s profits down, FirstEnergy Solutions could be forced into bankruptcy over dispute with railroads

AKRON — “FirstEnergy Corp. says its profits in the first three months of the year were down compared to year-ago earnings, primarily because of expenses to settle railroad coal delivery contracts it no longer needs. …The company on Thursday announced to investors in a Securities and Exchange Commission filing that […]